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Assume the bonds quoted (clean) price is $956.81, the bond has the coupon rate of 10.8% and that the coupons are paid semiannually. Further assume
Assume the bonds quoted (clean) price is $956.81, the bond has the coupon rate of 10.8% 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?
Group of answer choices
$1,002.93
$992.81
$920.81
$1,014.84
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