Bond with coupon rate-what is the invoice price

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Reference no: EM132006111

You purchase a bond with a coupon rate of 8.4 percent and a clean price of $930. Assume a par value of $1,000. If the next semiannual coupon payment is due in two months, what is the invoice price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Invoice price $

Reference no: EM132006111

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