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You purchase a bond with a coupon rate of 9.1 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 9.1 percent and a clean price of $1,030. If the next semiannual coupon payment is due in five months, what is the invoice price? Assume a par value of $1,000. Multiple Choice $1,037.58 $1,001.58 $1,081.71 $1,009.17
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