Question
The 4.5 percent, semiannual coupon bond issued by Tyler Rental has $1,000 face value and matures in 12 years. The bond is currently quoted at
The 4.5 percent, semiannual coupon bond issued by Tyler Rental has $1,000 face value and matures in 12 years. The bond is currently quoted at $987. What is the clean price of this bond if the next interest payments will occur 4 months from today?
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Investment Science
Authors: David G. Luenberger
1st International Edition
0195391063, 9780195391060
