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# 2 0 . Accrued Interest: You purchase a bond with an invoice price of $ 1 , 0 7 9 . The bond has

20 .

Accrued Interest:

You purchase a bond with an invoice price of $

1, 079 .

The bond has a coupon rate of

9.2 %,

semiannual coupons, and there are five months to the next coupon date.

What is the clean price of the bond?

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