Question $3(15$ points$)$

Calculate the Invoice Price of the Elm Corp.$\text{'}$s Corporate Bond given the following information

$\backslash$table$[[$Issuer: Elm Corporation,$],[$Face Value,$1,000],[$Trading Date,Thursday, January $13,2022],[$Maturity Day,Monday, May $20,2030],[$Coupon Rate,$9\mathrm{.}75\%$