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  3. you purchase a bond with an invoice price of $1,07

You purchase a bond with an invoice price of $1,075. The bond has a coupon...

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Finance

You purchase a bond with an invoice price of $1,075. The bond has a coupon rate of 9.5 percent, semiannual coupons, a $1,000 par value, and there are two 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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