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It is may 1 and the quoted price of a bond with an

It is May 1, and the quoted price of a bond with an Actual/365 day count and 9% per annum coupon in the United States is 106. It has 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?

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Financial Management: It is may 1 and the quoted price of a bond with an

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