You are buying a bond at a quoted price of $972. The bond has a...
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Finance
You are buying a bond at a quoted price of $972. The bond has a 6.3% coupon and pays interest semiannually on January 1 and July 1. What is the invoice price of this bond if today is April 1? Assume a 360-day year.
Group of answer choices
$987.75
$1,003.50
$972.00
$940.50
$946.00
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