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Problem 6 - 2 3 Accrued Interest [ LO 2 ] You purchase a bond with an invoice price of $ 1 , 0 8
Problem Accrued Interest LO
You purchase a bond with an invoice price of $ The bond has a coupon rate of percent, semiannual coupons, and a par value of $ and there are four months to the next coupon date. What is the clean price of the bond?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
Clean price
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