Question: Problem 10 ( 2 points) A coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an ask price of

 Problem 10 ( 2 points) A coupon bond that pays semiannual

Problem 10 ( 2 points) A coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an ask price of 110:06 ( $1,000 par value). If the last interest payment was made exactly 2 months ago and the coupon rate is 6%, what is the price of the bond

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