Question
Consider this corporate bond with a face value of $1,000. Issuer Coupon Maturity Date Bid Ask Yield LMN Inc. 7.5% 1 June 25/21 102.10 103.50
Consider this corporate bond with a face value of $1,000.
| Issuer | Coupon | Maturity Date | Bid | Ask | Yield |
| LMN Inc. | 7.5% | 1 June 25/21 | 102.10 | 103.50 | 8.21% |
Calculate the invoice price of this bond. There are 45 days between the settlement date and the next coupon payment.
____
A) Undetermined
B) $1,010.69
C) $1,049.30
D) $1,063.28
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International Financial Reporting Standards An Introduction
Authors: Belverd Needles, Marian Powers
2nd edition
053847680X, 978-1111793234, 1111793239, 978-0538476805
