Personal Financial Planning 13th Edition by Lawrence Gitman,Michael Joehnk,Randy Billingsley

تمرين 15

You have decided to sell a 5 percent semiannual coupon bond two months after the last coupon payment. The bond is currently selling for $951.25. Answer the following questions about the bond:
a. What is the clean price of the bond
b. What is the dirty (full) price of the bond
c. Explain how the clean and dirty prices of the bond are relevant to the buyer of the bond.