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 117% of its $1,000 par value, l the last interest payment was made one month ago and the coupon rate is 6%, what is the invoice price of the bond? Assume that the month has 30 days. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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Financial Management, Finance

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