A coupon bond is reported as having an ask price of 108% of the\$1,000 par value in the Wall Street Journal. If the last interest payment was made one month ago and the coupon rate is 9%, th

25/29

A coupon bond is reported as having an ask price of 108% of the

\$1,000 par value in the Wall Street Journal. If the last interest payment was made one month ago and the coupon rate is 9%, the invoice price of the bond will be_____.

\$1,110.10

None of these is correct.

\$1,160.25

\$1,087.50

\$1,150.00

Giải thích

Chọn đáp án D

Giải thích: 1000*1.08=1080 (90/2)*(30/182)=7.5

\$1,080 + \$7.5 (accrued interest) = \$1,087.50