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    Clean Price of Bond

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    Accrued Interest

    You purchase a bond with an invoice price of $1,210. The bond has a coupon rate of 5.4 percent, and there are 2 months to the next semiannual coupon date. The clean price of the bond is $ . (Round your answer to 2 decimal places, eg 32.16.)

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    Solution Summary

    This solution contains step-by-step calculations to determine the clean price of the bond.