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Business, 26.10.2021 07:00 daevinepetersopa86on

You purchase a bond with a par value of $1,000 and an invoice price of $1,042. The bond has a coupon rate of 6 percent, and there are 4 months to the next semiannual coupon date. What is the clean price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

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