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Suppose that a Treasury bond pays coupon on every January 1 and July 1, and coupon rate is 8%. The semiannual coupon payment is $40.

Suppose that a Treasury bond pays coupon on every January 1 and July 1, and coupon rate is 8%. The semiannual coupon payment is $40. The quoted price of the bond on March 1, 2020 is $990. What is the purchase (invoice) price of this bond on March 1, 2020?

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