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Suppose that you purchase a bond with a quoted price of $1,021.88 on January 15 . The bond has a coupon rate of 6.160% and

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Suppose that you purchase a bond with a quoted price of $1,021.88 on January 15 . The bond has a coupon rate of 6.160% and pays interest on May 15 and November 15 of each year. The exact number of days between November 15 and January 15 is 61 , and the exact number of days between November 15 and May 15 is 181. Required: What is the invoice price of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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