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You purchase a bond with a coupon rate of 6 percent and a clean price of $1,160. If the next semiannual coupon payment is due
You purchase a bond with a coupon rate of 6 percent and a clean price of $1,160. If the next semiannual coupon payment is due in four months, what is the invoice price? Assume a par value of $1,000. Multiple Choice $1,224.72 $1,134.00 $1,170.00 $1,144.00
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