what is the invoice price of the bond given the following information? the current YTM is...
what is the invoice price of the bond given the following information? the current YTM is 5.2%, and the coupon rate for the bond is 4.6%. the bond will mature in nine years. The bond paid interest two months ago.
Homework Answers
Clean price is $957.73
Invoice price:
= Clean price+Accrued interest
= $957.73+$1,000*4.6%*2/12
= $957.73+$7.67
= $965.40
Hence, Invoice price is $965.40
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what is the invoice price of the bond given the following
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