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help You purchase a bond with a coupon rate of 6.5 percent, a par value $1,000, and a clean price of $900. Assume a par
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You purchase a bond with a coupon rate of 6.5 percent, a par value $1,000, and a clean price of $900. Assume a par value of $1,000. If the next semiannual coupon payment is due in two months, what is the invoice price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Step by Step Solution
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