Question: A $1,000 face value, semiannual payment U.S. Treasury note with a coupon rate of 5% has an ask quote of 118:22 and bid quote of
A $1,000 face value, semiannual payment U.S. Treasury note with a coupon rate of 5% has an ask quote of 118:22 and bid quote of 118:10. The bond made a coupon payment 146 days ago . If you selling it the today, the invoice price is______?
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