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Use Excel Only. No hand written. 20. A coupon bond paying semiannual interest is reported as having an ask price of 110% of its $1,000

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Use Excel Only.

No hand written.

20. A coupon bond paying semiannual interest is reported as having an ask price of 110% of its $1,000 par value. If the last interest payment was made two months ago and the coupon rate is 5%, what is the invoice price of the bond

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