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A semiannual coupon bond currently has an ask price of 115% of its $1,000 face value. The bonds coupon rate is 6%. If the last
A semiannual coupon bond currently has an ask price of 115% of its $1,000 face value. The bonds coupon rate is 6%. If the last coupon payment was made one month ago, what is the invoice price of the bond? Assume there are 182 days for half a year and 30 days for one month.
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