Question
You purchase a bond with a coupon rate of 7.3% and a clean price of $945. If the next semiannual coupon payment is due in
You purchase a bond with a coupon rate of 7.3% and a clean price of $945.
If the next semiannual coupon payment is due in two months, what is the invoice price? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)
Invoice price $ _______________
show calculations in details, thank you
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Economics Of Money Banking And Financial Markets
Authors: Frederic Mishkin
10th Global Edition
0273765736, 978-0273765738
