A coupon bond paying semiannual interest is reported as, Ask an Expert

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A coupon bond paying semiannual interest is reported as having an ask price of 111% of its $1,000 par value. If the last interest payment was made one month ago and the coupon rate is 7%, what is the invoice price of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Invoice price $

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Financial Management, Finance

Category:- Financial Management
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