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Canan puchases a bond with a coupon rate of 9.6 percent, a face value of $1,000, an invoice price of $1,200. If there are five

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Canan puchases a bond with a coupon rate of 9.6 percent, a face value of $1,000, an invoice price of $1,200. If there are five months to the next semiannual coupon date, what is the clean price of this bond? Next page

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