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Problem 10-29 (Algo) Required: Suppose that today's date is April 15. A bond with a 8% coupon paid semiannually every January 15 and July

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Problem 10-29 (Algo) Required: Suppose that today's date is April 15. A bond with a 8% coupon paid semiannually every January 15 and July 15 is quoted as selling at an ask price of 101.250. If you buy the bond from a dealer today, what price will you pay for it? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Invoice price $ 1,037.23

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