Question
You purchase a bond with an invoice (dirty) price of $1,119. The bond has a coupon rate of 8.4 percent, a face value of $1,000.
You purchase a bond with an invoice (dirty) price of $1,119. The bond has a coupon rate of 8.4 percent, a face value of $1,000. and there are four months to the next semiannual coupon date. What is the clean price of the bond?
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The Routledge Handbook Of FinTech
Authors: K. Thomas Liaw
1st Edition
0367263599, 978-0367263591
