What is the bond full price

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Reference no: EM132175108

Question - Consider a bond with a coupon rate of 6% and a face value of $1,000. Coupons are paid semi-annually. Suppose there are 93 days to the next coupon payment date, beyond which there are 3 years left to maturity (so that there are in total 1+3*2 number of coupon payments left). The bond is currently trading at YTM of 5%. Assuming a 30/360 day-count convention, what is the bond's full (dirty) price?

Reference no: EM132175108

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