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Suppose that todays date is April 15. A bond with a 8% coupon paid semiannually every January 15 and July 15 is listed in The
Suppose that todays date is April 15. A bond with a 8% coupon paid semiannually every January 15 and July 15 is listed in The Wall Street Journal as selling at an ask price of 1,013.333. 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.)
Invoice price $
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