Problema bond with a coupon rate of 7 makes semiannual, Ask an Expert

Accounting

Problem:

A bond with a coupon rate of 7% 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 100:08.

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

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91173173

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