Multiple Choice
It is May 1.The quoted price of a bond with a 30/360 day count and 12% per annum coupon in the United States is 105.It has a face value of 100 and pays coupons on April 1 and October 1.What is the cash price? \
A) 106.00
B) 106.02
C) 105.98
D) 106.04
Correct Answer:
Verified
Correct Answer:
Verified
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