Stan has purchased a bond with an invoice price of $1,090. The bond has a coupon...

Stan has purchased a bond with an invoice price of $1,090. The bond has a coupon rate of 8.6% and there are four months to the next semi-annual coupon date. What is the clean price of the bond?

$1,090.00

$1,082.83

$1,104.16

$1,075.67

Expert Solution

Ans is $ 1,075.67

Calculations-

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jeff jeffy answered 2 years ago

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