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Question 9 (5 points): A coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an ask price of 107%

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Question 9 (5 points): A coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an ask price of 107\% of its $1,000 par value. If the last interest payment was made 4 months ago and the coupon rate is 6%. Assume 30 days per month. The invoice price of the bond will be A. $1,110 B. $1,170 C. $1,090 D. $1,120 E. None of the above Justification

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