Question
You purchase a bond with a coupon rate of 4.7 percent and a clean price of $951. If the next semiannual coupon payment is due
You purchase a bond with a coupon rate of 4.7 percent and a clean price of $951. If the next semiannual coupon payment is due in two months, what is the invoice price?
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Fundamentals of corporate finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
9th edition
978-0077459451, 77459458, 978-1259027628, 1259027627, 978-0073382395
