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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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