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You purchase a bond with an invoice price of $1,115. The bond has a coupon rate of 10.3 percent, semiannual coupons, and there are two
You purchase a bond with an invoice price of $1,115. The bond has a coupon rate of 10.3 percent, semiannual coupons, and there are two months to the next semiannual coupon date. Required: What is the clean price of the bond? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places. Clean price $
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