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2. You purchase a bond with an invoice price of $949.64. The bond has a coupon rate of 8.5 %, and there are 4 months
2. You purchase a bond with an invoice price of $949.64. The bond has a coupon rate of 8.5 %, and there are 4 months to the next semiannual coupon date. What is the clean price of the bond? Assume the face value of $1,000. Do not include $ in your answer, round your answer to 2 decimal points, e.g., 950.08
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