A coupon bond that pays interest annually is reported in the Wall Street Journal as...
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Accounting
A coupon bond that pays interest annually is reported in the Wall Street Journal as having an ask price of $1170. If the last interest payment was made 2 months ago and the coupon rate is 6%, the invoice price of the bond will be _________.
| $1,140 | ||
| $1,170 | ||
| $1,180 | ||
| $1,200 |
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