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A coupon bond paying semiannual interest is reported as having an ask price of 105% of its $1,000 par value. If the last interest payment
A coupon bond paying semiannual interest is reported as having an ask price of 105% of its $1,000 par value. If the last interest payment was made two months ago and the coupon rate is 6%, what is the invoice price of the bond
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
