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You would like to sell a bond that is part of your investment portfolio. It has a face value of $1,000 and a coupon rate of 4% per year, with coupons being paid semi-annually. The next coupon payment is exactly two months from now. If the clean price is $1,040, how much money are you going to receive by selling the bond? Show your calculation.

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Financial Management, Finance

Category:- Financial Management
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