Which of the following statements is/are correct? I. The quo…
Which of the following statements is/are correct? I. The quoted bond price (clean price) excludes accrued interest.II. The invoice price (dirty price) is the price actually paid and includes accrued interest.III. Accrued interest is the interest earned since the last coupon payment and is paid by the buyer to the seller.IV. A bond indenture typically includes provisions such as total amount issued, call options, sinking fund rules, and protective covenants.