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3. A coupon bond pays semi-annual interest is reported as having an ask price of 95% of its $1,000 par value in the Wall Street

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3. A coupon bond pays semi-annual interest is reported as having an ask price of 95% of its $1,000 par value in the Wall Street Journal. If the last interest payment was made 3 months ago and the coupon rate is 6%, the invoice price of the bond will be A. $1,010 B. $1,000 C. $980 D. $965 E. $930

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