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QUESTION
You purchase a bond with an invoice price of $1,027. The bond has a coupon rate of 6.8 percent, and there are four months to the next semiannual
You purchase a bond with an invoice price of $1,027. The bond has a coupon rate of 6.8 percent, and there are four months to the next semiannual coupon date.
What is the clean price of the bond?
