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1. An investor purchases 2 treasury bonds with a quoted price of 90 and a settlement date of 7/25 (non-leap year). The bonds have a

1. An investor purchases 2 treasury bonds with a quoted price of 90 and a settlement date of 7/25 (non-leap year). The bonds have a coupon rate of 4.4%, and a maturity date of 5/15/2040.

What is the invoice price on the bond?

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