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On December 1, Lana decides to purchase a 6% coupon bond in the secondary market. It has a clean price of $ 1,025.The last interest
On December 1, Lana decides to purchase a 6% coupon bond in the secondary market. It has a clean price of $ 1,025.The last interest payment was made by the issuing corporation on November 1.
1 Compute the accrued . interest. Show your work.
2 Compute the bond's dirty (full invoice) price.
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