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You purchase a bond. Its invoice price and other characteristics are shown below. Invoice Price $1,025 Face Value $1,000 Coupon Rate 8.00% Payment Frequency 1
You purchase a bond. Its invoice price and other characteristics are shown below.
| Invoice Price | $1,025 |
| Face Value | $1,000 |
| Coupon Rate | 8.00% |
| Payment Frequency | 1 |
| Time until the next payment | 3 months |
a. what is the coupon payment?
b. what is the accrued interest?
c. What is the clean price of the bond?
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Finance Of International Trade
Authors: Eric Bishop
1st Edition
0750659084, 978-0750659086
