Question
You purchase a bond with an clean price of $1047. The bond has a coupon rate of 7 percent, and there are 5 months to
You purchase a bond with an clean price of $1047. The bond has a coupon rate of 7 percent, and there are 5 months to the next semiannual coupon date. What is the dirty price of the bond?
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
6th International Edition
0071229035, 978-0071229036
