You purchase a 1000 par value 6 annual coupon rate bond for, Financial Management

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You purchase a 1000 par value 6 annual coupon rate bond for

You purchase a $1000 par value, 6% annual coupon rate bond for the price of $960 on 4/26/2016. The most recent interest payment was on 12/01/2015 and the next interest payment is scheduled for 06/01/2016. What is the total amount you mus pay for the bond?

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Financial Management: You purchase a 1000 par value 6 annual coupon rate bond for

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Financial Management: You purchase a 1000 par value 6 annual coupon rate bond for

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