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 above
Correct Answer:
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