You purchase a bond with a coupon rate of 81 percent and a, Ask an Expert

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You purchase a bond with a coupon rate of 8.1 percent and a clean price of $925. Assume a par value of $1,000.

If the next semiannual coupon payment is due in two months, what is the invoice price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Invoice price =

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Financial Management, Finance

Category:- Financial Management
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