Question: Problem 6 - 2 4 Accrued Interest [ LO 2 ] You purchase a bond with a coupon rate of 8 . 8 percent, a
Problem Accrued Interest LO
You purchase a bond with a coupon rate of percent, a par value of $ and a clean price of $ If the next semiannual coupon payment is due in five months, what is the invoice price?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
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