The bond makes semi-annual coupon payments on may 1 and, Financial Management

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The bond makes semi-annual coupon payments on may 1 and

Today is August 1, 2017. A bond with a coupon rate of 8.2% has an invoice price of $1,057. The issue date on the bond is May 1, 2016, and the maturity date on the bond is May 1, 2026. The bond makes semi-annual coupon payments on May 1 and November 1. What is the clean price on this bond?

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Financial Management: The bond makes semi-annual coupon payments on may 1 and

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