Consider the bond below.
A semi-annual coupon paid March 31 & September 30:
Par Value $1000 ; Coupon rate7%; Purchase date 6/30/2020; Yield to
maturity 9%; Final maturity date 3/31/2025
1. What is the clean price if the bond was purchased on June 30, 2020?
2.What is the full invoice price if the bond was purchased on June 30, 2020?
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