Calculate the amount of accrued interest on this bond

Reference no: EM13267184

A $1000 par value bond has a coupon rate of 6 percent. The bond pays interest semiannually. Exactly 41 days have passed since the last coupon payment.

1. Calculate the amount of accrued interest on this bond.

2. If the quoted price of this bond is $980, what is the invoice price equal too?

Reference no: EM13267184

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