Question

1.You purchase a bond with an invoice price of $1,013. The bond has a coupon rate...

1.You purchase a bond with an invoice price of $1,013. The bond has a coupon rate of 5.42 percent, it makes semiannual payments, and there are 2 months to the next coupon payment. The par value is $1,000. What is the clean price of the bond?

Multiple Choice

$985.90

$1,040.10

$1,003.97

$1,031.07

$994.93

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