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1 what is the number of bonds he will buy 2 same question

An investor has a cash of $10,000,000 at disposal. He wants to invest in a bond with $1,000 nominal value and whose dirty price is equal to 107.457%.

1. What is the number of bonds he will buy?

2. Same question if the nominal value and the dirty price of the bond are respectively $100 and 98.453%.

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Finance Basics: 1 what is the number of bonds he will buy 2 same question

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