Question: Problem 6 - 2 4 Accrued Interest [ LO 2 ] You purchase a bond with a coupon rate of 8 . 8 percent, a

Problem 6-24 Accrued Interest [LO 2]
You purchase a bond with a coupon rate of 8.8 percent, a par value of $1,000, and a clean price of $850. If the next semiannual coupon payment is due in five months, what is the invoice price?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
 Problem 6-24 Accrued Interest [LO 2] You purchase a bond with

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