A bond issued on february 1 2004 with face value of 10400, Ask an Expert

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A bond issued on February 1, 2004 with face value of $10400 has semiannual coupons of 7%, and can be redeemed for par (face value) on February 1, 2020. What is the accrued interest and the market price (the “clean” price) of the bond on November 15, 2006, if the bond’s yield on that date is to be 9%? (use actual/actual for accrued interest).

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Category:- Financial Management
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