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You purchase a bond with an invoice price of $1,020. The bond has a coupon rate...

You purchase a bond with an invoice price of $1,020. The bond has a coupon rate of 9.2 percent, and there are 3 months to the next semiannual coupon date. What is the clean price of the bond?

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SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

Home nert Page Layout Formulas Data Review View dd-Ins s Cut ta copy. Wrap Text E AutoSum Format Painter в 1 프 . Ej-., Δ. : rーー 逻锂函Merge & Center. $, % , 弼,8 C Conditional Format CeInsert Delete Format Formatting as Table Styles2 Clear Clipboard Sort &Find & Alignment Number Cells Edting 19 20 21 INVOICE PRICE ACCRUED INTEREST (3 MONTHS) CLEAN PRICE 1020 23 24 25 26 27 23 (1000 X 9.2% X (3/12) = 997 30 31 32 34 35 36 /4 トト | , NOTE . BIDDING, UNDERWRITING . . EUAC AW PM LIFE LP, Ip, MRP, INFLATION YIELD . WARRANTrefund bond | CLEAN INVOICE PRICE. Sheet, Sheet3 -Sheet4

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