You purchase a bond with an invoice price of 1042 the bond, Ask an Expert

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You purchase a bond with an invoice price of $1,042. The bond has a coupon rate of 6 percent, and there are four months to the next semiannual coupon date.

What is the clean price of the bond? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92428461

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