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  3. you purchase a bond with an invoice price of $1,03

You purchase a bond with an invoice price of $1,034. The bond has a coupon...

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You purchase a bond with an invoice price of $1,034. The bond has a coupon rate of 74 percent, semiannual coupons, a par value of $1,000, and there are 5 months to the next coupon date. What is the clean price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Clean price

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