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

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A government bond with a coupon rate of 8% makes semiannual coupon payments on January 10 and July 10 of each year. The Wall Street Journal reports the asked price for the bond on January 25 at 100:7. What is the invoice price of the bond? The coupon period has 182 days. (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Invoice price $

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