You purchase a bond with an invoice price of 1105 the bond


You purchase a bond with an invoice price of $1,105. The bond has a coupon rate of 10.1 percent, semiannual coupons, and there are four months to the next semiannual coupon date What is the clean price of the bond?

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Finance Basics: You purchase a bond with an invoice price of 1105 the bond
Reference No:- TGS0617854

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