Buying bond that pays interest semi-annually

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Suppose that you are interested in buying a bond that pays interest semi-annually. It has an annual coupon of 6% with interest payable on June 15th and December 15th. The bond accrued interest is determined using a 30/360 day count street convention. If the bond is currently priced at $1,050, what is the invoice price for the bond using a settlement date of April 13, 2016? (Show your work)

Reference no: EM131067084

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