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A coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an ask price of 116% 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 116% of its $1,000 par value. If the last interest payment was made 109 days ago, and this interest period has 183 days, and the coupon rate is 5.77%, what is the invoice price of the bond? Enter your answer to to 2 decimal places.
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