A bond with a coupon rate of 6 % makes semiannual coupon payments on January 1 5
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Question:
A bond with a coupon rate of makes semiannual coupon payments on January and July of each year. The Wall Street Journal reports the ask price for the bond on January at What is the invoice price of the bond? The coupon period has days. Do not round intermediate calculations. Round your answer to decimal places. Invoice price is its not or
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