A coupon bond paying semiannual Interest is reported as having an ask price of 118%...
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Accounting
A coupon bond paying semiannual Interest is reported as having an ask price of 118% 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? Assume that the month has 30 days. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Invoice price ces
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