You purchase a bond with a coupon rate of 5.9 percent and a clean price of $1,050.

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You purchase a bond with a coupon rate of 5.9 percent and a clean price of $1,050. Assume a par value of $1,000. If the next semiannual coupon payment is due in three months, what is the invoice price?

a) $1,064.75

b) $1,043.50

c) $1,111.05

d) $1,028.75

Related Book For answer-question

Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th Edition

Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan

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Posted Date: Nov 18, 2022 02:19 AM

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You purchase a bond with a coupon rate of 5.9 percent and a clean price of $1,050.

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Fundamentals of Corporate Finance

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