Question
You purchase a bond with an invoice price of $1,400. The bond has a coupon rate of 8.8 percent, and there are 4 months to
You purchase a bond with an invoice price of $1,400. The bond has a coupon rate of 8.8 percent, and there are 4 months to the next semiannual coupon date. What is the clean price of the bond? Assume a par value of $1,000. |
- $1,396.33
- $1,350.67
- $1,321.33
- $1,370.77
- $1,385.33
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Fundamentals Of Multinational Finance
Authors: Michael Moffett
6th Global Edition
1292215216, 978-1292215211
