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You purchase a bond with an invoice price of $1,060. The bond has a coupon rate of 9.2 percent, and there are 2 months to

You purchase a bond with an invoice price of $1,060. The bond has a coupon rate of 9.2 percent, and there are 2 months to the next semiannual coupon date. What is the clean price of the bond? Assume a par value of $1,000.

Multiple Choice

  • $1,009.33

  • $1,029.33

  • $998.77

  • $1,040.33

  • $1,024.67

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