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Suppose that you are interested in buying a bond that pays interest semi-annually. It has an annual coupon of 5% with interest payable on January

Suppose that you are interested in buying a bond that pays interest semi-annually. It has an annual coupon of 5% with interest payable on January 15th and July 15th. The bond accrued interest is determined using a 30/360 day count street convention. If the bond is currently priced at $1,180, what is the invoice price for the bond using a settlement date of December 18?

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