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You purchase a bond with a coupon rate of 7.1 percent, a par value $1,000,...

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Accounting

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You purchase a bond with a coupon rate of 7.1 percent, a par value $1,000, and a cle price of $850. Assume a par value of $1,000. If the next semiannual coupon paymen due in two months, what is the invoice price? (Do not round intermediate calculatic and round your answer to 2 decimal places, e.g., 32.16.) Invoice price

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