alleryStart learning →A 6% par-100 bond pays on 1 Apr and 1 Oct. On 1 Jul clean price is 98.20. Under 30/360 the dirty price is?
ARs 98.20
BRs 96.70
CRs 99.70
DRs 101.20
Answer & Solution
Correct answer: C. Rs 99.70
Half-yearly coupon is 3, accrual is 90/180 = 0.5, so interest is 1.50 and dirty price is 98.20 + 1.50 = 99.70.
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