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You buy a bond with a coupon rate of return of 7.3% per annum, with interest payments made every 6 months. The Quoted price is
You buy a bond with a coupon rate of return of 7.3% per annum, with interest payments made every 6 months. The Quoted price is 945$ per piece. The next coupon payment will be made in two months. Calculate the amount of the invoice price of the bond.
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