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You purchase a bond with an invoice price of $1,068, a coupon rate of 7.4 percent, and four months to the next semiannual coupon
You purchase a bond with an invoice price of $1,068, a coupon rate of 7.4 percent, and four months to the next semiannual coupon date. What is the clean price of the bond? A $1,000.00 B $1,002.17 C $1,008.33 D $1,055.67 E $1,059.67
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
7th edition
978-0133856507, 013385650X, 133856437, 978-0133856439
