[Answer] 21. 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 ____________. A. $1 087.50B. $1 110.10C. $1 150.00D. $1 160.25E. None of these is correct.
Answer: A. $1 087.50
21. 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 a…