Multiple Choice
You purchase a bond with an invoice price of $1,108.48.The bond has a coupon rate of 5.5 percent, semiannual coupons, and there are two months to the next coupon date.What is the clean price of the bond?
A) $1,086.35
B) $1,090.15
C) $1,050.20
D) $998.50
E) $1,057.50
Correct Answer:
Verified
Correct Answer:
Verified
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