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The bond has a coupon rate of 6.35 percent, it makes semiannual payments, and there are 2 months to the next coupon payment. A clean

The bond has a coupon rate of 6.35 percent, it makes semiannual payments, and there are 2 months to the next coupon payment. A clean price of $1,001 and the par value is $1,000. What is the invoice price?

rev: 09_04_2020_QC_CS-226221

Multiple Choice

  • $1,022.17

  • $1,032.75

  • $979.83

  • $969.25

  • $990.42

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