Question
A straight bond has a face value of $1,000, pays interest semiannually and has a 5.61 percent coupon. The bond matures in 6 years and
A straight bond has a face value of $1,000, pays interest semiannually and has a 5.61 percent coupon. The bond matures in 6 years and 1 months and has a yield to maturity of 11.07 percent. What is the clean price of the bond?
Answer should be formatted as a number with 2 decimal places (e.g. 99.99).
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Cases In Financial Reporting
Authors: Ellen Engel, D. Eric Hirst, Mary Lea McAnally
8th Edition
1618531220, 9781618531223
