What is the cash dirty price, Finance Basics

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What is the cash dirty price

Problem

Assume today's date is February 1, 2012. You are considering a US Treasury Bond that matures on April 15, 2014. This bond has a coupon rate of 5.0% and a broker gives you a quoted price of 100-00. What is the cash (dirty) price? NOTE that 2012 is a leap year and that November, April, June, and September are the months with 30 days each.

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Finance Basics: What is the cash dirty price

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