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You purchase a bond with a coupon rate of 9.8 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 9.8 percent and a clean price of $1,140. If the next semiannual coupon payment is due in three months, what is the invoice price? Assume a par value of $1,000. Multiple Choice $1,153.00 $1,164.50 $1,128.50 $1,218.78
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