You purchase a bond with an invoice price of 1140 the bond


You purchase a bond with an invoice price of $1,140. The bond has a coupon rate of 10.8 percent, semi annual coupons, and there are five months to the next coupon date. What is the clean price of the bond?

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Business Management: You purchase a bond with an invoice price of 1140 the bond
Reference No:- TGS0974268

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