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The bond has a coupon rate of 5.57 percent, it makes semiannual payments, and there are 5 months to the next coupon payment. A clean

The bond has a coupon rate of 5.57 percent, it makes semiannual payments, and there are 5 months to the next coupon payment. A clean price of $923 and the par value is $1,000. What is the invoice price?

Multiple Choice

A. $927.64

B. $895.15

C. $918.36

D. $899.79

E. $950.85

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