1. Assume you purchase a bond with a quoted price of 98.6208 on June 30. The bond pays interest on February 1 and August 1. The invoice price you pay for this purchase will equal the

dirty price.

asked price.

clean price.

bid price.

par value.

2. ABC bonds have a coupon rate of 9 percent, pay interest semiannually, and sell at par. Each of these bonds has a market price of _____ and interest payments of _____.

$1,000; $90

$1,045; $90

$1,045; $45

$1,090; $90

$1,000; $45