The bond has a coupon rate of 54 percent and there are 4
You purchase a bond with an invoice price of $1,046. The bond has a coupon rate of 5.4 percent, and there are 4 months to the next semiannual coupon date. Assume a par value of $1,000.
What is the clean price of the bond?
Now Priced at $10 (50% Discount)
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