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Mark purchased a corporate bond with the settlement date on October 1

/in /by

Mark purchased a corporate bond with the settlement date on October
15 with the face value of $1000 and the coupon rate 9.04%, that has a listed price of 95.896 and that pays interest semiannually on February 15 and August 15. Accrued interest is determined using actual/actual convention. How much must Mark pay for the bond?

 
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