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If the last interest payment was made one month ago and the

A coupon bond paying semiannual interest is reported as having an ask price of 127% of its $1,000 par value. If the last interest payment was made one month ago and the coupon rate is 7%, what is the invoice price of the bond? Assume that the month has 30 days.

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Financial Management: If the last interest payment was made one month ago and the

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Financial Management: If the last interest payment was made one month ago and the

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