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You purchase a bond with an invoice price of $1,030. The bond has-(Answered)

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You purchase a bond with an invoice price of $1,030. The bond has a coupon rate of 7.8 percent, and there are four months to the next semiannual coupon date.


What is the clean price of the bond?

 

Paper#9256122 | Written in 27-Jul-2016

Price : $16
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