On 20 February 2015, the bond was priced at $109,477.71. This price was computed as follows:

$107,152.00 In the jargon of bond markets, this is called t



he bond price

+ $2,285.71

“ ”

 



Accrued Interest

= $109,477.71 In the jargon of bond markets, this is called



the “invoice price”

