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You purchase a bond with a coupon rate of 5.9 percent and a quoted price of $1,053. If the next semiannual coupon is due in
You purchase a bond with a coupon rate of 5.9 percent and a quoted price of $1,053. If the next semiannual coupon is due in four months, what is the invoice price and the YTM of the bond?Assume the bond matures in 8 years.
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