You purchase a bond with an invoice price of $1,053 and a par value of...
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You purchase a bond with an invoice price of $1,053 and a par value of $1,000. The bond has a coupon rate of 5.3 percent and there are four months to the next semiannual coupon date. What is the clean price of the bond? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16
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You purchase a bond with an invoice price of $1,053 and a par value of $1,000. The bond has a coupon rate of 5.3 percent and there are four months to the next semiannual coupon date. What is the clean price of the bond? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16 