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A coupon bond paying semiannual interest is reported as having an ask price of 114% of its $1,000 par value. If the last interest payment

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A coupon bond paying semiannual interest is reported as having an ask price of 114% 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.) Invoice price $ Two bonds have identical times to maturity and coupon rates. One is callable at 114, the other at 119. Which should have the higher yield to maturity? The bond callable at 114 should have the higher yield to maturity. The bond callable at 119 should have the higher yield to maturity

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