A bond with a coupon rate of 6 makes semiannual coupon, Ask an Expert

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A bond with a coupon rate of 6% 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 100:03. What is the invoice price of the bond? The coupon period has 182 days. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Invoice price $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91559155

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