Need business and finance help with a coupon rate of 9.7 percent

Dec 19th, 2015
Price: $5 USD

Question description

You purchase a bond with an invoice price of $1,085. The bond has a coupon rate of 9.7 percent, semiannual coupons, and there are four months to the next coupon date.


What is the clean price of the bond? 

Tutor Answer

(Top Tutor) sajarin
School: Duke University

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