What is the clean price of the bond

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Problem 1: You purchase a bond with an invoice price of $920. The bond has a coupon rate of 8.6%, semiannual coupons, and there are three months to the next coupon date. What is the clean price of the bond?

Problem 2: What is the price of the following quarterly bond?

Face value: 1,000
maturity: 10 years
coupon rate: 10%
YTM: 8%

Problem 3: Volbeat Corporation has bonds on the market with 30 years to maturity, a YTM of 6.2%, and a current price of $924. The bonds make semiannual payments. What must the annual coupon rate be on the bonds?

Reference no: EM132794059

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