Question
You purchase a bond with a coupon rate of 8.7 percent and a clean price of $935. Assume a par value of $1,000. If the
| You purchase a bond with a coupon rate of 8.7 percent and a clean price of $935. Assume a par value of $1,000. |
| If the next semiannual coupon payment is due in two months, what is the invoice price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Invoice Price:__?__ |
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Investments
Authors: Zvi Bodie
12th Edition
1260819426, 9781260819427
