hard · Private Equity & LBOs
A 1,000 face value bond with a 8% annual coupon (paid semi-annually) has 45 days of accrued interest. The clean price is quoted at 98.0.
What is the 'Dirty Price' (assuming a 180-day coupon period)?
- 980.00
- 990.00
- 1,020.00
- 985.00
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