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What is the clean price of the bond

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Reference no: EM132007277

You purchase a bond with an invoice price of $1,046. The bond has a coupon rate of 5.4 percent, and there are 4 months to the next semiannual coupon date. Assume a par value of $1,000.

What is the clean price of the bond?

Reference no: EM132007277

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