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What will be your invoice price for this purchase

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Question - The 5-year bond of Bulgarelli Corporation has a bid quote of 131.2891 and an asked quote of 131.3470. Assume you purchase one of these bonds with a face value of $5,000 and a coupon rate of 7.4 percent, paid semiannually. The next interest payment will be paid two months from today. What will be your invoice price for this purchase?

Reference no: EM133113354

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