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You purchase a $22,000 11.125% Treasury bond maturing February 4, 2024. The bond is priced to yield 2.000% and settles March 21, 2017. The base
You purchase a $22,000 11.125% Treasury bond maturing February 4, 2024. The bond is priced to yield 2.000% and settles March 21, 2017.
The base price of the bond is
The invoice price is thus
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