Coupon pays 4 semi-annual coupon payments 70 days have


Coupon pays 4%. Semi-annual coupon payments. 70 days have passed since the past payment.Par is $1000. Flat price is $985. What is the Invoice Price? (HINT: Use a base of 182.5 days perhalf-year.)

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Financial Management: Coupon pays 4 semi-annual coupon payments 70 days have
Reference No:- TGS02302018

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