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25-01-2024
Business

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A 9% coupon bond with an ask price of 100:00 pays interest every 182 days. Assume that you purchase $1,000 of the bond. If the bond paid interest 112 days ago, the invoice price of the bond would be __________
a.$1,027.35
b.$1,026.77
c.$1,027.69
d.cannot be determined

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