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Answer the following question and justify your answer 3.You purchased a bond with a coupon rate of 5 percent and a quoted price of $1,012.

Answer the following question and justify your answer

3.You purchased a bond with a coupon rate of 5 percent and a quoted price of $1,012. If the next semi-annual coupon payment is due in two months, what is the invoice price? Assuming par value of $1000.

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