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A semi-annual coupon bond is reported as asking an price of 105% of the $1,000 par value in the Wall Street Journal. If the last

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A semi-annual coupon bond is reported as asking an price of 105% of the $1,000 par value in the Wall Street Journal. If the last interest payment was made 63 days ago and the coupon rate is 8%, the invoice price of the bond will be 1090 1085 1064 1087.5

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