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You purchase a bond with an invoice price of $1,340. The bond has a coupon rate of 5.4 percent, and there are 4 months to

You purchase a bond with an invoice price of $1,340. The bond has a coupon rate of 5.4 percent, and there are 4 months to the next semiannual coupon date. What is the clean price of the bond? Assume a par value of $1,000.

  • $1,302.00

  • $1,331.00

  • $1,284.00

  • $1,322.10

  • $1,342.00

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