Multiple Choice
You purchase a bond with an invoice price of $988. The bond has a coupon rate of 7.4%, and there are five months to the next semiannual coupon date. What is the clean price of the bond?
A) $981.83
B) $980.55
C) $978.14
D) $976.82
E) $974.65
Correct Answer:
Verified
Correct Answer:
Verified
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