Problem 6-21 Accrued Interest [LO 2]

You purchase a bond with a coupon rate of 9.2 percent, semiannual coupons, and a clean price of $830.

Required:

If the next coupon payment is due in five months, what is the invoice price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Invoice price

$