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You purchase a bond with an invoice price of $1,024. The bond has a coupon rate of 6.6 percent, and there are four months to
You purchase a bond with an invoice price of $1,024. The bond has a coupon rate of 6.6 percent, and there are four months to the next semiannual coupon date. Assume a par value of $1,000. |
What is the clean price of the bond? |
What is the clean price of the bond? |
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