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| (2) |
Consider a zero-coupon bond with a face value of 100 maturing in five years.
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Consider a 3-year bond with a face value of 100 that pays a fixed coupon of 3% issued on March 15, 2005.
We will use the Thirty360European day counter.
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Calculate the bond's clean price given its yield and vice-versa.
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| (12) |
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