Invoice price: The sum of both the quoted or stated price of a bond and the bond's accrued interest. It is the price you pay if you buy the bond in the secondary market.
It is calculated using the below formula: Invoice price = Quoted price + Interest accured Given: The quoted price of bond = S88.375 Substitute:
Purchase value at quoted price = S88.3 10075 x 1,000 =S883.75

Answer rating: 100% (QA)

Invoice price The sum of both the quoted or stated price of a bond and the bonds accrued interest ... View the full answer