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Question 1 (3 points) You purchase a bond with an invoice price of $1,150. The bond has a coupon rate of 6 percent, and there
Question 1 (3 points) You purchase a bond with an invoice price of $1,150. The bond has a coupon rate of 6 percent, and there are 4 months to the next semiannual coupon date. What is the clean price of the bond? Enter your answer as dollars with 2 digits to the right of the decimal point in the box shown below. Your Answer: Answer Question 2 (3 points) Most corporate bonds in the United States make semiannual coupon payments, but some corporate bonds have annual coupon payments. Suppose a company issues a bond with a par value of $1,000, 15 years to maturity, and a coupon rate of 4 percent paid annually. If the yield to maturity is 8.5 percent, what is the current price of the bond? Enter your answer as dollars with 2 digits to the right of the decimal point in the box shown below. Your
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