You purchase a bond with an invoice price ie dirty price of


Qusetion: You purchase a bond with an invoice price (i.e. dirty price) of $974 (Par value is $1,000). The bond has a coupon rate of 6.7 percent, and there are 1 months to the next semiannual coupon date. What is the clean price of the bond? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: You purchase a bond with an invoice price ie dirty price of
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