medium · Debt Capital Markets
A bond pays a semi-annual coupon of $25 per $1,000 face value. An investor purchases the bond 72 days into a 180-day coupon period at a quoted clean price of 102.50.
What is the dirty price paid at settlement?
- $1,035.00
- $1,015.00
- $1,025.00
- $1,050.00
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