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A bond with a coupon rate of 9% 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 146:17.

Required:

What is the invoice price of the bond? The coupon period has 182 days. (Round your answer to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M945140

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