A five-year par value $10,000 5% bond with quarterly coupons is bought to yield 6% convertible...

A five-year par value $10,000 5% bond with quarterly coupons is bought to yield 6% convertible quarterly. Determine the practical dirty and clean values of the bond one month after the eighth coupon payment using the 30/360 rule. Please provide steps/explanation, thank you!

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ANSWER IN THE IMAGE ((YELLOW HIGHLIGHTED). FEEL FREE TO ASK ANY DOUBTS. THUMBS UP PLEASE. THUMBS UP PLEASE.

jeff jeffy answered 1 year ago

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