You purchase a eurobond at a quoted price of 102 the annual, Ask an Expert

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You purchase a Eurobond, at a quoted price of 102%. The annual coupon is 6%, and we are exactly one month after the past coupon date. You buy 100,000 EUR nominal value of the bond. What is the total cash paid for this bond purchase?

a. € 102,000

b. € 102,500

c. € 100,500

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91529064

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