Question
You purchase a bond with an invoice price of $1,170. The bond has a coupon rate of 4.4 percent, and there are 3 months to
You purchase a bond with an invoice price of $1,170. The bond has a coupon rate of 4.4 percent, and there are 3 months to the next semiannual coupon date. What is the clean price of the bond?
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
