Question: a) Explain clearly in complete sentences the difference between the coupon and the yield of a bond. b) A bond with a face value of

a) Explain clearly in complete sentences the difference between the coupon

a) Explain clearly in complete sentences the difference between the coupon and the yield of a bond. b) A bond with a face value of $100 and semiannual coupons of 5% has a value of $96 immediately after a coupon. If the semianual yield and coupon rates differ by 2% (you must determine which one is larger than the other) what is the clean price 4 months later

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