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A. You purchase a bond with an invoice price of $940. The bond has a coupon rate of 6 percent, and there are 3 months
A. You purchase a bond with an invoice price of $940. The bond has a coupon rate of 6 percent, and there are 3 months to the next semiannual coupon date. What is the clean price of the bond? Enter the answer with 2 decimals (e.g. 954.23).
B. You purchase a bond with an clean price of $1083. The bond has a coupon rate of 7 percent, and there are 1 months to the next semiannual coupon date. What is the dirty price of the bond? Enter the answer with 2 decimals (e.g. 954.23).
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