It Is May 1

question 9

Multiple Choice

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? \

• A) 106.00
• B) 106.02
• C) 105.98
• D) 106.04

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Definitions:

Rawls

A philosopher known for his theory of justice as fairness, emphasizing the principles of equality and the distribution of resources to benefit the least advantaged in society.

Classical Origin

The historical roots or beginnings of a concept, practice, or cultural element in ancient civilizations such as Greek or Roman.

Rawls's Conception

The philosophical ideas presented by John Rawls, particularly relating to theories of justice, fairness, and equality in society.