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Suppose that coupon rate is 8%. Coupons are paid semiannually. 42 days have passed since the last coupon payment and there are 182 days in
Suppose that coupon rate is 8%. Coupons are paid semiannually. 42 days have passed since the last coupon payment and there are 182 days in the semiannual coupon payments. What is invoice price or the total price you pay to the seller if you would like to this bond at a quoted (market) price of $990?
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