Bond with coupon rate, You purchase a bond with a coupon

Bond with coupon rate

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Reference no: EM131051657

You purchase a bond with a coupon rate of 9 percent and a clean price of $875. If the next semiannual coupon payment is due in two months, what is the invoice price? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)

Reference no: EM131051657

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