Business
Business, 10.03.2020 04:56, gharrell03

A customer purchases 8M of City of Los Angeles 4% G. O.'s, maturing in 2038 at 95. 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 8M of City of Los Angeles 4% G. O.'s, maturing in 2038 at 95. The interest paym...

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