Compute of invoice price of a bond

Reference no: EM139622

Calculation of invoice price of a bond

A coupon bond pays semi-annual interest is reported as having an ask price of 117% of its $1,000 par value in the Wall Street Journal. If the last interest payment was made 2 months ago and the coupon rate is 6%, the invoice price of the bond will be __________.

Reference no: EM139622

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