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Problem 8-23 Accrued Interest You purchase a bond with a par value of $1,000, a coupon...

Problem 8-23 Accrued Interest

You purchase a bond with a par value of $1,000, a coupon rate of 7.2 percent, and a clean price of $910.

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.)
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