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You purchase a bond with an invoice price of $1,034. The bond has a coupon rate of 8.6 percent, semiannual coupons, and there are five
You purchase a bond with an invoice price of $1,034. The bond has a coupon rate of 8.6 percent, semiannual coupons, and there are five months to the next coupon date. |
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What is the clean price of the bond? |
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