What is the clean price of the bond

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Reference no: EM131953351

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 $

Reference no: EM131953351

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