Question: 7. value: 1.00 points < Question 7 (of 10) Problem 8-23 Accrued Interest You purchase a bond with a coupon rate of 9.6 percent

7. value: 1.00 points < Question 7 (of 10) Problem 8-23 Accrued Interest You purchase a bond with a coupon rate of 9.6 percent and a clean price of $885. Assume a par value of $1,000. If the next semiannual coupon payment is due in two months, what is the invoice price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Invoice price References eBook & Resources Worksheet Difficulty: 2 Intermediate. Problem 8-23 Accrued Interest Section: 8.3 Bond Markets

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well defined status and roles (class distinctions);