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You purchase a bond with a coupon rate of 7.9 percent, semiannual coupons, and a clean price of $895. Required: If the next coupon payment
| You purchase a bond with a coupon rate of 7.9 percent, semiannual coupons, and a clean price of $895. |
| Required: |
| If the next coupon payment is due in two months, what is the invoice price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
| Invoice price | $ |
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Financial Econometrics
Authors: Peijie Wang
1st Edition
0415426693, 978-0415426695
