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What is clear and dirty price

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Accrued Interest (calculate the clear and dirty price)

Problem 1: Investor buy a 5% coupon with $1000 face value T-bond 45 days after the last coupon payment. Settlement occurs in five days. It has 135 days remaining until the next coupon payment. The bond's clean price quote is 130:25. What is the clear and dirty price.

Reference no: EM132935695

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