Answer is $1,028.37
Par Value = $1,000
Annual Interest Rate = 6.41%
Semiannual Interest Rate = 3.205%
Semiannual Interest = 3.205% * $1,000
Semiannual Interest = $32.05
Interest is accrued for 4 months
Accrued Interest = $32.05 * 4/6
Accrued Interest = $21.37
Invoice Price = Clean Price + Accrued Interest
Invoice Price = $1,007.00 + $21.37
Invoice Price = $1,028.37
The bond has a coupon rate of 6.41 percent, it makes semiannual payments, and there are...
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