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CFA Level I Fixed-Income Bond Valuation: Prices and Yields question

Fixed Income / 6. Fixed-Income Bond Valuation: Prices and Yields

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Fixed-Income Bond Valuation: Prices and Yields sample question

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Fixed Income

6. Fixed-Income Bond Valuation: Prices and Yields

A semiannual-pay bond has a 6.0% annual coupon and a full price of 101.20 per 100 of par. The last coupon was paid two months ago, and the next coupon will be paid four months from now. Using a straight-line accrual convention, the bond's flat price per 100 of par is closest to:

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