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You purchase a bond with a coupon rate of 8.8 percent, semiannual coupons, and a clean price of $850. Required: If the next coupon payment

You purchase a bond with a coupon rate of 8.8 percent, semiannual coupons, and a clean price of $850. Required: If the next coupon payment is due in five months, what is the invoice price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Invoice price?

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