Question you purchase a bond with an invoice price of 1028, Ask an Expert

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Question: You purchase a bond with an invoice price of $1,028. The bond has a coupon rate of 7.5 percent, and there are four months to the next semiannual coupon date. What is the clean price of the bond? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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