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Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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A bond was issued on July 15, 2020 with a par value of Rp. 1,000,000,000 and will mature on July 15, 2030. If the bond offers a coupon of j2 = 10%, and investors expect a yield of 12%, what is the clean price and how much will sellers receive (dirty price) on March 5, 2023?
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