Calculate the invoice price and accrued interest

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Reference no: EM131462488

Consider a bond with a $1000 par value and 8% coupon rate (coupons paid semi-annually). It is 4 years and 61 days to maturity (i.e. about 4 years and 2 months). The yield is 4%. Calculate the invoice price, accrued interest and flat price of this bond.

Reference no: EM131462488

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