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Consider a bond with a settlement date of 10/5/2019 and a maturity date of 3/15/2030. The bond makes semi-annual payments at a coupon rate of
Consider a bond with a settlement date of 10/5/2019 and a maturity date of 3/15/2030. The bond makes semi-annual payments at a coupon rate of 6% and is currently trading at a yield to maturity of 4.5%. What is the invoice price of the bond on the settlement date?
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