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JP Morgan purchases $100,000 par of 20-year Corporate bonds that have a Flat (Clean) price of $98.50 (97.50% of par) for a value of $9,750.

JP Morgan purchases $100,000 par of 20-year Corporate bonds that have a Flat (Clean) price of $98.50 (97.50% of par) for a value of $9,750. Janie's buys this bond in the middle of the coupon period and the bond has accrued $811.50 in accrued interest. What is the Full (dirty) value of the bond - i.e. how much cash does JP Morgan need to pay the seller?

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