You are purchasing a bond with a face value of 1000 and a, Ask an Expert

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You are purchasing a bond with a face value of $1,000 and a coupon rate of 8.85 percent. The bond pays interest semiannually and has a yield to maturity of 7.23 percent. The bond matures in 6.5 years and pays its next interest payment in four months. What amount of accrued interest must you pay to purchase this bond today?

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Financial Management, Finance

Category:- Financial Management
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