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You purchase a bond with an invoice price of $1,110. The bond has a coupon rate of 10.2 percent, semiannual coupons, a $1000 par value,
You purchase a bond with an invoice price of $1,110. The bond has a coupon rate of 10.2 percent, semiannual coupons, a $1000 par value, and there are three months to the next coupon date. What is the clean price of the bond?
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