Question: A coupon bond is reported as having an ask quote of 109:08 of the $1,000 par value in the Wall Street Journal. If the last

A coupon bond is reported as having an ask quote of 109:08 of the $1,000 par value in the Wall Street Journal. If the last interest payment was made 91 days ago and the coupon rate is 8%, whats the invoice price (actual sale price) of the bond? Assume the bond pays coupon every 182 days (or six months).

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