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It is May 1, and the quoted price of a bond with an Actual/365day count and 8% per annum c

It is May 1, and the quoted price of a bond with an Actual/365day count and 8% per annum c

It is May 1, and the quoted price of a bond with an Actual/365day count and 8% per annum coupon in the United States is 104. Ithas a face value of 100 and pays coupons on April 1 and October 1.What is the cash price rounded to the nearest whole number?

Abhinav 04-Dec-2019

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