$20$

Required:

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.$)$

$01$:$17$:$28$

Invoice price