You purchase a bond with an invoice price of $968 The bond has a coupon rate of 7 4 percent, and there are four months to the next semiannual coupon date What is the clean price of the bond ...

Accrued interest is the coupon payment for the perio ...

You purchase a bond with an invoice price of $968. The bond has a coupon rate of

Question:

You purchase a bond with an invoice price of $968. The bond has a rate of 7.4 percent, and there are four months to the next semiannual date. What is the clean price of the bond?
Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...