A bond sold for $1045.44 on March 14th. The bond has a face value of $1,000, co…
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A bond sold for $1045.44 on March 14th. The bond has a face value of $1,000, coupon rate of 8% paid semi-annually on April 1st and October 1st. What was the bond quote on March 14th?
Round your work to at least 6 decimal places and final answer to 2 decimal places.