A coupon bond pays semi-annual interest is reported as, Ask an Expert

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A coupon bond pays semi-annual interest is reported as having an ask price of 97% of its $1,000 par value in the Wall Street Journal. If the last interest payment was made 3 months ago and the coupon rate is 2%, the invoice price of the bond will be _________. Choose the closest answer.

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Basic Finance, Finance

Category:- Basic Finance
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