You purchase a bond with an invoice price of 1048 the bond, Ask an Expert

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You purchase a bond with an invoice price of $1,048. The bond has a coupon rate of 5.7 percent, and there are four months to the next semi-annual 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))

Clean price $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91268975

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