A coupon bond that pays interest annually is reported in the Wall Street Journal as having an ask price of $1170. If the last interest payment was made 2 months ago and the coupon rate is 6%, the invoice price of the bond will be .

Invoice price = $1,180.

Explanation:

interest accrued since last interest payment (interest for 2 months) = Default value * Stated interest * 2 /12

Interest accrued = $1000 * 6% *2/12

Interest accrued = $10

Invoice price = Ask price + interest accrued

Invoice price = $1,170 + $10

Invoice price = $1,180.

3,500 beverages

explanation:

i believe the answer is: streets and roads

public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.