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You purchase a bond with a coupon rate of 9.5 percent and a clean price of $1,060. If the next semiannual coupon payment is due

You purchase a bond with a coupon rate of 9.5 percent and a clean price of $1,060. 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 $1,031.92 $1,039.83 $1,114.47 $1,067.92

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