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20. 21. You purchase a bond with a coupon rate of 6%, semiannual coupons, and a clean (quoted) price of $985. If the next

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20. 21. You purchase a bond with a coupon rate of 6%, semiannual coupons, and a clean (quoted) price of $985. If the next coupon payment is in five months, what was the dirty (invoice) price (approximately)? $1010 $990** $995 $980 $960 I have been disappointed that Mountain Dew has not been on sale for a long time. Thinking about the bond chapter and factors affecting interest rates, what factor has caused the price of Mountain Dew to go up the most? a) Maturity. b) Real rate. Liquidity. Taxes. Inflation.**

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