A bond with a coupon rate of 8 makes semiannual coupon, Ask an Expert

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A bond with a coupon rate of 8% 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 100.1875. 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
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