A coupon bond paying semiannual interest is reported as having an ask price of 108% of its $1,000 par value. If the last
Posted: Sun May 29, 2022 4:43 pm
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.)
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.)