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Clean price of bond-cascade shipping company

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Reference no: EM132687156

A 20-year, 4.8 percent, semiannual coupon bond issued by Cascade Shipping Company has a $1,000 face value. The bond is currently quoted at 99.6. What is the clean price of this bond if the next interest payment will occur 2 months from today?

Reference no: EM132687156

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