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You purchase a bond on Oct. 15, 2022 which is scheduled to mature on May 15, 2027. If the bond has a yield of 2.28%

You purchase a bond on Oct. 15, 2022 which is scheduled to mature on May 15, 2027. If the bond has a yield of 2.28% and a coupon rate of 2.50%, what will be the invoice price (based on a face value of $1,000)?

 

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