Dirty price of bond


Problem:

You are buying a bond at a clean price of $1,105.1. The bond has a face value of $1,000, a 7.7 percent coupon, and pays interest semiannually. The next coupon payment is 4 months from now.

Required:

Question: What is the dirty price of this bond?

Note: Explain all calculation and formulas.

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Accounting Basics: Dirty price of bond
Reference No:- TGS0885991

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