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QUESTION 5 The quoted price of a bond is $915. The bond has a $1,000 par value and pays coupons semiannually at an annual rate
QUESTION 5 The quoted price of a bond is $915. The bond has a $1,000 par value and pays coupons semiannually at an annual rate of 6%. The bond uses 180 days to count a 6-month period. If 45 days have passed since the last coupon payment, what is the invoice price of the bond? Note: Write your answer in decimal do not round any numbers). Do not write any symbols like $
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