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You purchase a bond with a coupon rate of 8.4 percent, a par value of $1,000, semiannual coupons, and a clean price of $870. If

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You purchase a bond with a coupon rate of 8.4 percent, a par value of $1,000, semiannual coupons, and a clean price of $870. If the next coupon payment is due in five months, what is the invoice price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Answer is complete but not entirely correct. Invoice price $ 905.00

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