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You purchase a bond with a coupon rate of 4.8 percent and a clean price of $1,040. If the next semiannual coupon payment is due

You purchase a bond with a coupon rate of 4.8 percent and a clean price of $1,040. If the next semiannual coupon payment is due in three months, what is the invoice price? Assume a par value of $1,000.

  • $1,052.00

  • $1,016.00

  • $1,028.00

  • $1,097.28

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