What is the market price of the bond

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Reference no: EM132131514

Question: A treasury bond pays 9% coupon p.a. On June 12, the bond has 63 days to the next coupon payment and there are 297 days since the last coupon payment (assume that there are 360 days in a year). Since the last coupon payment, the bond will have 5 years to maturity. The current market yield for the bond is 8%. What is the market price of the bond?

Reference no: EM132131514

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