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Physics, 25.02.2020 02:50 lucy143

A customer purchases 5M of New York 3% G. O.'s, maturing in 2042 at 90. The interest payment dates are Jan 1st and Jul 1st. The trade took place on Tuesday, Feb 1st. How much will the customer pay for the bonds, excluding commissions and accrued interest?

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A customer purchases 5M of New York 3% G. O.'s, maturing in 2042 at 90. The interest payment dates a...
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