Compute of invoice price of a bond if the last interest, Ask an Expert

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Calculation of invoice price of a bond

A coupon bond pays semi-annual interest is reported as having an ask price of 117% of its $1,000 par value in the Wall Street Journal. If the last interest payment was made 2 months ago and the coupon rate is 6%, the invoice price of the bond will be __________.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9160001

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