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You purchase a $1,000 face-value bond with an invoice price of $1,020. The bond has a...

You purchase a $1,000 face-value bond with an invoice price of $1,020. The bond has a coupon rate of 7.75% compounded semi-annually, and there are 3 months to the next semiannual coupon date. What is the clean price of the bond?

Question 18 options:

$901

$926

$951

$976

$1,001

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