Question
You purchase a bond with a coupon rate of 7.5 percent and a clean price of $915. If the next semiannual coupon payment is due
| You purchase a bond with a coupon rate of 7.5 percent and a clean price of $915. |
| If the next semiannual coupon payment is due in two months, what is the invoice price? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
|
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Rockin Your Business Finances
Authors: Chrstine Odle
1st Edition
0999135104, 9780999135105
