A $1000 bond paying semi-annual coupons of $35 is redeemable at par on October 30,2014.It was purchased on June 23,2010 at a price that yields j₂ = 8%.Determine the clean (or market)price,Q.The day counts for April 30,June 23,and October 30 are day are 120,174,and 303 respectively.

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The Answer of A $1000 bond paying semi-annual coupons of $35 is redeemable at par on October 30,2014.It was purchased on June 23,2010 at a price that yields j₂ = 8%.Determine the clean (or market)price,Q.The day counts for April 30,June 23,and October 30 are day are 120,174,and 303 respectively.

A $1000 Bond Paying Semi-Annual Coupons of $35 Is Redeemable