Question the broker quotes you clean prices of 104250104536, Ask an Expert

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Question: The broker quotes you (clean) prices of 104.250/104.536 on a 6.40% Treasury bond for execution onOct. 24th when the payments are made on Oct. and April 28th.

a. If you are buying 500 bonds, what amount do you need to send her to pay for the bonds?

b. If settlement is on Oct. 1 and the clean price is the same as in A., what amount would you send?

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