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A Coupon Bond Is Reported as Having an Ask Price

Question 22

Multiple Choice

A coupon bond is reported as having an ask price of 113% of the $1,000 par value in the Wall Street Journal.If the last interest payment was made two months ago and the coupon rate is 12%, the invoice price of the bond will be


A) $1,100.
B) $1,110.
C) $1,150.
D) $1,160.
E) None of the options

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