Question
You purchase a bond with an invoice price of $1,290. The bond has a coupon rate of 6.2 percent, and there are 5 months to
You purchase a bond with an invoice price of $1,290. The bond has a coupon rate of 6.2 percent, and there are 5 months to the next semiannual coupon date. What is the clean price of the bond? Assume a par value of $1,000.
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Finance For Non Financial Managers
Authors: Gene Siciliano
1st Edition
0071413774, 978-0071413770
