You purchase a bond with an invoice price of $1,049. The bond has a coupon rate...

You purchase a bond with an invoice price of $1,049. The bond has a coupon rate of 5.69 percent, it makes semiannual payments, and there are 2 months to the next coupon payment. The par value is $1,000. What is the clean price of the bond?

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jeff jeffy answered 2 years ago

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