Invoice price-what price will you pay for it

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Reference no: EM131621936

Suppose that today's date is April 15. A bond with a 9% coupon paid semiannually every January 15 and July 15 is listed in The Wall Street Journal as selling at an ask price of 1, 013.333. If you buy the bond from a dealer today, what price will you pay for it? (Do not round Intermediate calculations. Round your answer to 2 decimal places.)

Invoice price $

Reference no: EM131621936

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