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A coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an ask price of 108% 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 108% of its $1,000 par value. If the last interest payment was made 2 months ago and the coupon rate is 5.10%, the invoice price of the bond will be _________. |
$1,080.00 | |
$1,105.50 | |
$1,088.50 | |
$1,054.50 |
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