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A coupon bond paying semiannual interest is reported as having an ask price of 118% of its $1,000 par value. If the last payment was
A coupon bond paying semiannual interest is reported as having an ask price of 118% of its $1,000 par value. If the last payment was December 31st and today is March 22th, and the coupon is 6%, what is the invoice price of the bond? Round you answer to the nearest penny.
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