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Suppose that you are interested in buying a bond that pays interest semi-annually. It has an annual coupon of 8% with interest payable on March

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Suppose that you are interested in buying a bond that pays interest semi-annually. It has an annual coupon of 8% with interest payable on March 15th and September 15th. The bond accrued interest is determined using a 30/360 day count street convention. If the bond is currently priced at $1,240,whatisthe invoice price for the bond using a settlement date of May 9 ? $1,278 $1.252 $1,269 $1,258

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