Calculate the invoice price of the bond, Finance Basics

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Calculate the invoice price of the bond

A coupon bond pays semi-annual interest is reported as having an ask price of 117 percent of its $1,000 par value in the Wall Street Journal. If the last interest payment was made two months ago and the coupon rate is six percent, calculate the invoice price of the bond.

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Finance Basics: Calculate the invoice price of the bond

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Finance Basics: Calculate the invoice price of the bond

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