A bond with a coupon rate of 22 makes semiannual coupon, Ask an Expert

Finance

A bond with a coupon rate of 22% makes semiannual coupon payments on January 15 and July 15 of each year. The Wall Street Journal reports the ask price for the bond on January 30 at 192:17.

What is the invoice price of the bond? The coupon period has 182 days.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M944905

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