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please help solve this and show the steps/formulas. 22. Accrued Interest:You purchase a bond with a par value of $1,000 and an invoice price of
please help solve this and show the steps/formulas.
22. Accrued Interest:You purchase a bond with a par value of $1,000 and an invoice price of $943. The bond has a coupon rate of 6.4 percent and there are two months to the next semiannual coupon date. What is the clean price of the bond?
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