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You purchase a bond with a coupon rate of 7.8 percent and a clean price of $920. Assume a par value of $1,000. If the
You purchase a bond with a coupon rate of 7.8 percent and a clean price of $920. Assume a par value of $1,000. |
If the next semiannual coupon payment is due in two months, what is the invoice price? |
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