Question: Help Save & Exit Sub A coupon bond paying semiannual interest is reported as having an ask price of 124% of its $1.000 par value.

Help Save & Exit Sub A coupon bond paying semiannual interest is reported as having an ask price of 124% of its $1.000 par value. If the last interest payment was made one month ago and the coupon rate is 7%, what is the invoice price of the bond? Assume that the month has 30 days. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Invoice price 1 5 Next >

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