You purchase a $1,000 face-value bond with an invoice price of $985. The bond has a coupon

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You purchase a $1,000 face-value bond with an invoice price of $985. The bond has a coupon rate of 6.00% compounded semi-annually, and there are 3 months to the next semiannual coupon date. What is the clean price of the bond?

Posted Date: May 19, 2024 12:02 AM

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You purchase a $1,000 face-value bond with an invoice price of $985. The bond has a coupon

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