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A B C D E F G H 51 52 Question 3 (8 points) 53 Calculate the Invoice Price of the Elm Corp.'s Corporate Bond

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A B C D E F G H 51 52 Question 3 (8 points) 53 Calculate the Invoice Price of the Elm Corp.'s Corporate Bond given the following information 54 55 INPUT 56 Face Value 1,000 57 Trading Price 99.000 58 Trading Date Wednesday, January 16 59 Coupon Rate 7.25% 60 Coupon Payment Days Mar 31, Sep 30 61 Frequency = 2 62 63 ANSWERS 64 Price = 65 66 Invoice Price = 67 68 Current Yield = 69

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