You purchase a bond with an invoice price of $1,210. The bond has a coupon rate of 5.4 percent, and there are 2 months to the next semiannual coupon date. The clean price of the bond is $ . (Round your answer to 2 decimal places, eg 32.16.)© BrainMass Inc. brainmass.com June 3, 2020, 10:04 pm ad1c9bdddf
This solution contains step-by-step calculations to determine the clean price of the bond.