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You purchase a bond with a coupon rate of 7.5 percent and a clean price of $1,140. If the next semiannual coupon payment is due
You purchase a bond with a coupon rate of 7.5 percent and a clean price of $1,140. If the next semiannual coupon payment is due in three months, what is the invoice price?
a) 1,158.75
b) 1,122.75
c) 1,141.50
d) 1,212.57
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