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QUESTION
You purchase a bond with a coupon rate of 5.9 percent, semiannual coupons, and a clean price of $957. If the next coupon payment is due in two
You purchase a bond with a coupon rate of 5.9 percent, semiannual coupons, and a clean price of $957. If the next coupon payment is due in two months, what is the invoice price?
