Question: you purchase a bond with a coupon rate of 9...
You purchase a bond with a coupon rate of 9 percent, a par value
of $1,000, semiannual coupons, and a clean price of $840.
If the next coupon payment is due in three months, what is the invoice price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Invoice price $