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You purchase a 16 year, semi annual coupon bond with a quoted price of 951.94. The bond has a par value of 1000 and a
You purchase a 16 year, semi annual coupon bond with a quoted price of 951.94. The bond has a par value of 1000 and a yield to maturity of 6.2 percent.
What is the bond's semiannual coupon payment?
If there are 4 months to the next coupon payment, what is the accrued interest?
What is the invoice price?
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