Today you paid a total of 110816 to purchase a 1000 bond
Today, you paid a total of $1,108.16 to purchase a $1,000 bond. The bond has a 6 percent coupon and pays interest semi-annually. The next interest payment is 4 months from today. What is the clean price of this bond?
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today you paid a total of 110816 to purchase a 1000 bond the bond has a 6 percent coupon and pays interest
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