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You purchase a bond with an invoice price of $1,045. The bond has a coupon rate of 5.66 percent, it makes semiannual payments, and there
You purchase a bond with an invoice price of $1,045. The bond has a coupon rate of 5.66 percent, it makes semiannual payments, and there are 2 months to the next coupon payment. The par value is $1,000. What is the clean price of the bond
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Contemporary Financial Management
Authors: Don Cyr, Alfred Kahl, William Rentz, R. Moyer
1st Edition
017616992X, 978-0176169923
