The trade settled two days ago and the most recent coupon


You bought a $1,000 bond at a YTM of 6%. It has an 8% coupon that is paid semiannually and a 20-year maturity. The trade settled two days ago and the most recent coupon payment occurred 32 days ago. What was the invoice price that you were required to pay?

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Operation Management: The trade settled two days ago and the most recent coupon
Reference No:- TGS01535643

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