You purchase a bond with an invoice price of 1050 the bond, Ask an Expert

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You purchase a bond with an invoice price of $1,050. The bond has a coupon rate of 7.2 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.)

Clean price $

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Financial Management, Finance

Category:- Financial Management
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