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You purchase a bond with a coupon rate of 8.9 percent and a clean price of $1,030. If the next semiannual coupon payment is due
You purchase a bond with a coupon rate of 8.9 percent and a clean price of $1,030. 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 $1,023.67 $1,044.83 $1,008.83 $1,089.54
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