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A coupon bond paying semiannual interest is reported as having an ask price of 108% 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 108% 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? (Do not round intermediate calculations, Round your answer to 2 decimal places.) Invoice price References eBook & Resources Worksheet Difficulty: Basic Leami quoted Check my work 30.00 points Consider a bond paying a coupon rate of 12.25% per year semiannually when the market interest rate is only 49% per half-year. The bond has six years until maturity a. Find the bond's price today and twelve months from now after the next coupon is paid. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Current price Price after twelve months b. What is the total rate of return on the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Total rate of return % per six months

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