You purchase a bond with an invoice price of 1150 the bond, Ask an Expert

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You purchase a bond with an invoice price of $1,150. The bond has a coupon rate of 11 percent, semiannual coupons, a $1,000 par value, and there are three months to the next coupon date. What is the clean price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Clean price

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Financial Management, Finance

Category:- Financial Management
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