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You purchase a bond with a coupon rate of 5.9 percent and a clean price of $1,050. If the next semiannual coupon payment is due
You purchase a bond with a coupon rate of 5.9 percent and a clean price of $1,050. If the next semiannual coupon payment is due in three months, what is the invoice price? Assume a par value of $1,000. Multiple Choice $1,064.75 $1,043.50 $1,111.05 $1,028.75
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