A 5% coupon corporate bond settlement price is 104.315 at exactly 2 months before the next coupon payment date. What is the invoice price of the bond (% of face, rounded % to three places after the decimal)? Correct 105.982 ± 0.001

105.982

Explanation:

You should know before you proceed to the attached file for a step by step explanation of how the answer is gotten that, Bond is given, not the details of coupon payment, annual or semi annual, it is the general assumption of Bond pricing that bond pay semi annual coupon. Go through the attachment now for further explanation.

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o