What price will you pay for, Financial Management

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What price will you pay for

Suppose that today’s date is April 15. A bond with a 10% coupon paid semiannually every January 15 and July 15 is listed in The Wall Street Journal as selling at an ask price of 1,015.000. 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 $

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Financial Management: What price will you pay for

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Financial Management: What price will you pay for

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