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You purchase a bond with an invoice price of $1,034. The bond has a coupon rate of 7.4 percent, semiannual coupons, a par value of

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You purchase a bond with an invoice price of $1,034. The bond has a coupon rate of 7.4 percent, semiannual coupons, a par value of $1,000, and there are 5 months to the next coupon date. What is the clean price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Clean price $ 972.33 Dufner Co. issued 15-year bonds one year ago at a coupon rate of 8.4 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.3 percent, what is the current dollar price assuming a $1,000 par value? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current bond price

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