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  • 03-06-2023
  • Business
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A 25-year corporate bond with a coupon of 5.0% was issued on 7/20/2001. On 4/2/2020, an investor sells
$450,000 in par value at a quoted price of 102.286.
a. How many days of accrued interest are there?
b. What is the bond’s YTM?

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