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A coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an ask price of 93% of its
Posted: Sun May 08, 2022 10:49 am
by answerhappygod
- A Coupon Bond That Pays Semiannual Interest Is Reported In The Wall Street Journal As Having An Ask Price Of 93 Of Its 1 (13.68 KiB) Viewed 32 times
A coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an ask price of 93% of its $1,000 par value. If the last interest payment was made 55 days ago, and this interest period has 183 days, and the coupon rate is 5.2%, what is the invoice price of the bond? Enter your answer to to 2 decimal places.