The invoice price of the bond

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1. A semiannual coupon bond is reported in the Wall Street Journal as having an ask price of 117% of its $1,000 par value. If the last interest payment was made 2 months ago and the coupon rate is 6%, the invoice price of the bond will be ________.

2. On 6/5/2014, an investor buys 7 gold futures contracts, when the futures price is $1,400 per ounce. The contract size is 100 ounces.

The next day, the futures price becomes $1396.20. Calculate the daily gain.

Reference no: EM132056680

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