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 125% of its $1,000 par value. The last interest payment was made 30 days ago and the coupon period has 182 days. If the coupon rate is 5%, 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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