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You purchase a bond for an invoice price of $953. The bond has a coupon rate of 4.3 percent and there are 2 months to
You purchase a bond for an invoice price of $953. The bond has a coupon rate of 4.3 percent and there are 2 months to go until the next semiannual coupon date. The bond has a par value of $1,000. What is this bond's clean price? Report your answer with 2-digit precision (ex. 12.34).
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