What is the invoice price

Reference no: EM13256465

You purchase a bond with a coupon rate of 7 percent, semiannual coupons, and a clean price of $1,011. If the next coupon payment is due in four months, what is the invoice price?

$1,022.67
$1,029.36
$1,031.00
$1,037.67
$1,044.33

Reference no: EM13256465

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