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    Bond prices

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    Today's closing price of a bond, with the par value of $1,000.00 and 8% coupon rate, was listed as 103.50. The information also indicates that today's price was 7.20 higher then yesterday. Based on this information

    a) Calculate this bond's closing price for today

    b) Calculate yesterday's price of this bond

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    Solution Preview

    a) Calculate this bond's closing price for today

    Prices represent a percentage of a bond's $1,000 face ...

    Solution Summary

    The expert calculates bond prices given the bond price quotes.