A coupon bond paying semiannual interest is reported as having an ask price of 114%...
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Finance
A coupon bond paying semiannual interest is reported as having an ask price of 114% 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 or the bond? Assume that the month has 30 days (Do not round intermediate calculations. Round your answer to 2 decimal places. Invoice price
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