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A 10-year 6 percent, semiannual coupon bond issued by Jeff's Automotive has a $1000 face value. The bond has a yield to maturity of 5.8
A 10-year 6 percent, semiannual coupon bond issued by Jeff's Automotive has a $1000 face value. The bond has a yield to maturity of 5.8 percent. What is the invoice price of this bond if the next interest payment will occur 1 month and a half from today?
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