Question
Assume the bonds quoted (clean) price is $1,044.56, the bond has the coupon rate of 8.1% and that the coupons are paid semiannually. Further assume
Assume the bonds quoted (clean) price is $1,044.56, the bond has the coupon rate of 8.1% and that the coupons are paid semiannually. Further assume that the bond has the face value of $1,000. What is the bonds invoice (dirty) price if the last coupon payment took place four months ago?
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Financial Markets And Institutions A Modern Perspective
Authors: Anthony Saunders, Marcia Millon Cornett, Marcia Cornett
2nd Edition
007294109X, 978-0072941098
