medium · Debt Capital Markets
An investor buys a bond at a 'clean price' of 102.00. The bond has a 6% annual coupon, and 90 days have passed since the last coupon payment.
Using a 30/360 day-count convention, what is the 'dirty price' the investor pays?
- 102.00
- 108.00
- 103.50
- 100.50
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