A $2000 bond pays semi-annual coupons of $70 every April 1 (day 91) and October 1 (day 274) .It is redeemable for $2080.It is purchased on February 26,2010 (day 57) for a quoted price q = 103.252.What is the full (or dirty) price of the bond?
A) $2008.12
B) $2051.96
C) $2078.12
D) $2121.96
Correct Answer:
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