You purchase a $16,000 Spectra 9.500% bond maturing May 9, 2042. The bond is priced to yield 1.000% and settles December 16, 2017.

Type: Calculated Points Awarded: 0/3 Your Answer(s):

• The base price of the bond is $ 45378.22 -----X
• Accrued Interest adds 45379.19 -----------X
• The invoice price is thus 726067076.70 ----------X

Correct Answer(s):

• The base price of the bond is $ (correct)

  45,377.62

• Accrued Interest adds (correct)

  156.22

• The invoice price is thus (correct)

  45,533.84