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It is May 1.The quoted price of a bond with a 30/360 day count and 12% per annum coupon in the United States is 105.It has a face value of 100 and pays coupons on April 1 and October 1.What is the cash price? \
Bending Light Rays
The refraction of light that occurs when its speed changes as it passes from one medium to another, causing the light to change direction.
Fatigue
A state of physical or mental weariness resulting from exertion, reducing efficiency and capacity for work.
Action Potentials
Rapid and temporary electrical impulses that travel across the membrane of nerve cells, facilitating neuronal communication.
Synapse
The junction between two neurons or between a neuron and muscle fiber, where electrical or chemical signals are transmitted.
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