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You purchase a bond with an invoice price of $1,390. 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 $1,390. 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? |
rev: 09_18_2012
$1,384.83
$1,379.77
$1,344.17
$1,318.33
$1,395.83
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