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Rosita Paid a Total of $1,189, Including Accrued Interest, to Purchase

Question 57

Multiple Choice

Rosita paid a total of $1,189, including accrued interest, to purchase a bond that has 7 of its initial 20 years left until maturity. This price is referred to as the:


A) quoted price.
B) spread price.
C) clean price.
D) dirty price.
E) call price.

Correct Answer:

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