Answer) The estimation of dirty price requires the use of coupons in the desired time frame. The flows of cash occurring at different instances of time were discounted to arrive at the present value per period. This value was then added to arrive at the price on the time instances in question. The estimation of the price of bond had to be done in the course of coupon period. Thus, it(bond) value is judged and found in the commencement of the t…
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