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A coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an ask price of 119% of its $1,000 par
A coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an ask price of 119% of its $1,000 par value. If the last interest payment was made 3 months ago and the coupon rate is 6.20%, the invoice price of the bond will be _________.
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$1,190.00
$1,221.00
$1,205.50
$1,159.00
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