Question: Please use ONLY an Excel spreadsheet for the solutionsno handwritten ones. 1. A coupon bond paying semiannual interest is reported as having an ask price
Please use ONLY an Excel spreadsheet for the solutionsno handwritten ones.
1. A coupon bond paying semiannual interest is reported as having an ask price of 105% of its $1,000 par value. If the last interest payment was made two months ago and the coupon rate is 6%, what is the invoice price of the bond
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