A bond with a coupon rate of 8% makes semiannual coupon payments on January 15 and July 15 of each year. The Wall Street Journal reports the asked price for the bond on March 30 at 100:02. What is the invoice price of the bond? The coupon period has 182 days.

Answer rating: 100% (QA)

Invoice Price It is the price paid by the buyer of the future contr... View the full answer