Next semiannual coupon payment


You purchase a bond with a coupon rate of 4.7 percent and a clean price of $1,140.

Required:

Question 1: If the next semiannual coupon payment is due in two months, what is the invoice price?

  • $1,119.67
  • $1,155.67
  • $1,135.33
  • $1,209.24

Note: Provide support for your rationale.

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Accounting Basics: Next semiannual coupon payment
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