It is May 1. The quoted price of a bond with an actual/actual day count and 12% per annum coupon in the United States is 105. It has a face value of $100 and pays coupons on April 1 and October 1. What is the cash price to two decimal places)? _ _ _ _ _ _

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The Answer of It is May 1. The quoted price of a bond with an actual/actual day count and 12% per annum coupon in the United States is 105. It has a face value of $100 and pays coupons on April 1 and October 1. What is the cash price to two decimal places)? _ _ _ _ _ _

It Is May 1