A coupon bond paying semiannual interest is reported as having an ask price of 108% of its $1,000 par value. If the last

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answerhappygod
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A coupon bond paying semiannual interest is reported as having an ask price of 108% of its $1,000 par value. If the last

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A coupon bond paying semiannual interest is reported as having
an ask price of 108% 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.)
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