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Do this on paper and show all working don't use calculator to do 3. You purchase a bond with an invoice price of $920. The

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Do this on paper and show all working don't use calculator to do

3. You purchase a bond with an invoice price of $920. The bond has a coupon rate of 8.6%, semiannual coupons, and there are three months to the next coupon date. What is the clean price of the bond? 4. What is the price of the following quarterly bond? Face value: 1.000 maturity: 10 years coupon rate: 10% YTM: 8%

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