You are buying a bond at a quoted price of $887. The bond has a 8.0 percent coupon and pays interest semiannually on February 1 and August 1. What is the dirty price of this bond if today is April 1? Assume a 360-day year.
A) $896.17
B) $900.33
C) $913.67
D) $938.50
E) $942.00
Correct Answer:
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