Question
A bond has a flat price of $950, and it pays an annual coupon. The last coupon payment was made150 days ago. What is the
A bond has a flat price of $950, and it pays an annual coupon. The last coupon payment was made150 days ago. What is the invoice price if the annual coupon is $85?
| $985.03 | ||
| $1012.13 | ||
| $984.93 | ||
| $1020.05 |
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Financial Accounting A Focus On Interpretation And Analysis
Authors: Richard F Kochanek, A Douglas Hillman
7th Edition
1111061750, 9781111061753
