Question: Ross Assignment Chapter 6 i 8 8.33 points Saved You purchase a bond with an invoice price of $1,120. The bond has a coupon rate

Ross Assignment Chapter 6 i 8 8.33 points Saved You purchase

Ross Assignment Chapter 6 i 8 8.33 points Saved You purchase a bond with an invoice price of $1,120. The bond has a coupon rate of 10.4 percent, semiannual coupons, and a par value of $1,000, and there are five months to the next coupon date. What is the clean price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Clean price eBook Print References

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