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Didlap-Cengage th 12: End-of-Chapter Problems - Investing in Stocks and Bonds Sado Search the Back to Assignment Attempts: Average: 73 9. Chi2 Financial Planning Exercise 10 eBook Chapter 12 Financial Planning Exercise 10 Clean and dirty bond prices You have decided to sell a 4 percent semiannual coupon bond two months after the last coupon payment. The bond is currently selling for $979.00. Answer the following questions about the bond. Assume that the par value of the bond is $1,000. Round your answer to nearest cent. 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. Wide in without
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