Question
You purchase a bond with a dirty price of $947. The bond pays coupons semiannually and has a coupon rate of 7.12 percent , a
You purchase a bond with a dirty price of $947. The bond pays coupons semiannually and has a coupon rate of 7.12 percent , a face value of $1,000, and the last coupon payment occurred five months ago. What is the clean price of this bond?
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Finance For Non Financial Managers
Authors: Gene Siciliano
1st Edition
0071413774, 978-0071413770
