Consider a 10-year, 4% semi-annual coupon bond currently trading at an ask price of 95.3% of its $1,000 par value. What is the invoice price of the bond if the last coupon was paid 40 days ago? Assume there are 182 days between coupon payments. Round your answer to two decimal places, and enter it without the dollar sign.

Answer rating: 100% (QA)

To calculate the invoice price of the bond we need to take into account the accrue... View the full answer