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Required: Calculate first the flat price of the bond, without any accrued interest. Then calculate days since the last coupon payment and the days in
Required:
Calculate first the flat price of the bond, without any accrued interest. Then calculate days since the last coupon payment and the days in a payment
period. Use these two calculations to determine accrued interest. Finally, determine the invoice price based on the flat price and accrued interest.
Use cells to from the given information to complete this question.
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