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You purchase a bond with an invoice price of $1,130. The bond has a coupon rate of 10.6 percent, semiannual coupons, and a par value
You purchase a bond with an invoice price of $1,130. The bond has a coupon rate of 10.6 percent, semiannual coupons, and a par value of $1,000, and there are three months to the next coupon date. What is the clean price of the bond?
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