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TODAY, YOU PAID A TOTAL OF $1,056 TO PURCHASE A $1,000 BOND. THE BOND HAS A 5 PERCENT COUPON AND PAYS INTEREST SEMI-ANNUALLY. THE NEXT
TODAY, YOU PAID A TOTAL OF $1,056 TO PURCHASE A $1,000 BOND. THE BOND HAS A 5 PERCENT COUPON AND PAYS INTEREST SEMI-ANNUALLY. THE NEXT INTEREST PAMENT IS 2 MONTHS FROM TODAY. WHAT IS THE CLEAN PRICE OF THIS BOND?
A) $1,039.33
B) $1,041.67
C) $1,045.50
D) $1,046.78
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