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(B) A bond with coupon rate of 12% and face value of GHS1000 is selling on the market on June 30th at 5% premium of
(B) A bond with coupon rate of 12% and face value of GHS1000 is selling on the market on June 30th at 5% premium of the face value. Coupon payments on this bond are made on 31" of December every year. If an investor buys this bond on June 30, i. calculate the clean price of the bond (2 marks) ii. calculate the dirty price of the bond (2 marks)
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
