Finding the clean price of the bond
Problem:
You purchase a bond with an invoice price of $1,027. The bond has a coupon rate of 6.8 percent, and there are four months to the next semiannual coupon date.
Required:
Question: What is the clean price of the bond?
Note: Show all workings.
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What is the clean price of the bond? Note: Show all workings.
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