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Business, 03.03.2020 01:37 madison6592

You purchase a bond with an invoice price of $1,080. The bond has a coupon rate of 9.6 percent, semiannual coupons, and a par value of $1,000, and there are five months to the next coupon date. What is the clean price of the bond?

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You purchase a bond with an invoice price of $1,080. The bond has a coupon rate of 9.6 percent, semi...
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