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24 April, 11:42

The bond has a coupon rate of 5.57 percent, it makes semiannual payments, and there are 5 months to the next coupon payment. A clean price of $923 and the par value is $1,000. What is the invoice price?

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  1. 24 April, 12:00
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    923*1000

    Explanation:

    multiply 923 and 1000 because they are the prices and then u will get ur answer
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