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Question: you purchase a bond with a coupon rate of 9...

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You purchase a bond with a coupon rate of 9 percent, a par value of $1,000, semiannual coupons, and a clean price of $840.

If the next coupon payment is due in three 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            $

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