Multiple Choice
Today, you are buying a $1,000 face value bond at an invoice price of $987.The bond has a coupon rate of 6 percent and pays interest semiannually.There are two months until the next coupon date.What is the clean price of this bond?
A) $947
B) $957
C) $967
D) $977
E) $987
Correct Answer:
Verified
Correct Answer:
Verified
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