1. Assume you purchase a bond with a quoted price of 98.6208 on June 30. The bond pays interest on February 1 and August 1. The invoice price you pay for this purchase will equal the
dirty price.
asked price.
clean price.
bid price.
par value.
2. ABC bonds have a coupon rate of 9 percent, pay interest semiannually, and sell at par. Each of these bonds has a market price of _____ and interest payments of _____.
$1,000; $90
$1,045; $90
$1,045; $45
$1,090; $90
$1,000; $45