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Procedure please You purchase a bond with an invoice price of $988. The bond has a coupon rate of 7.4%, and there is one month
Procedure please
You purchase a bond with an invoice price of $988. The bond has a coupon rate of 7.4%, and there is one month to the next semi-annual coupon date. What is the clean price of the bond? A. $926.33 B. $957.17 C. $975.67 D. $981.83 E. $993.83Step by Step Solution
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