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You are purchasing a bond with a face value of $1,000 and a coupon rate of 6.95 percent. The bond pays interest semiannually and has

You are purchasing a bond with a face value of $1,000 and a coupon rate of 6.95 percent. The bond pays interest semiannually and has a yield to maturity of 7.23 percent. The bond matures in 6.5 years and pays its next interest in two months. What amount of accrued interest must you pay to purchase this bond today?

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