Question
You purchase a bond with an invoice price of $1,320. The bond has a coupon rate of 4.4 percent, and there are 2 months to
You purchase a bond with an invoice price of $1,320. The bond has a coupon rate of 4.4 percent, and there are 2 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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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
8th edition
125971778X, 978-1259717789
