You purchase a bond with an invoice price of 1095 the bond
You purchase a bond with an invoice price of $1,095. The bond has a coupon rate of 9.9 percent, semiannual coupons, a $1,000 par value, and there are two months to the next coupon date.
What is the clean price of the bond?
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holding period yieldthe ytm on a bond is the interest rate you earn on your investment if interest rates donrsquot
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