Question: A $1,000 face value U.S. Treasury note with a coupon rate of 7% has an ask quote of 108:22 and bid quote of 108:16. The

A $1,000 face value U.S. Treasury note with a coupon rate of 7% has an ask quote of 108:22 and bid quote of 108:16. The bond made a coupon payment 90 days ago and the next coupon payment will be made in 92 days. If you purchase the note today, what is your invoice price?

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