Question: Understanding the variation of bond values and yields Accrued Interest. You purchase a bond with an invoice price of $1,035. The bond has a coupon

Understanding the variation of bond values and yields Accrued Interest. You purchase a bond with an invoice price of $1,035. The bond has a coupon rate of 5.9 percent, and there are four months to the next semi-annual coupon date. What is the clean price of the bond? (Show work/formulas)

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