You purchase a bond with an invoice price of $1,130. The bond has a coupon rate of 4.6 percent, and there are 4 months to the next semiannual coupon date. What is the clean price of the bond? Assume a par value of $1,000. Multiple Choice O $1,094.67 $1.079.33 $1133.33
You purchase a bond with an invoice price of $1,130. The bond has a coupon rate of 4.6 percent, and there are 4 months to the next semiannual coupon date. What is the clean price of the bond? Assume a par value of $1,000. Multiple Choice O $1,094.67 $1.079.33 $1133.33
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 8P
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