A bond with a 7 coupon rate makes payments on january 15, Financial Management

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A bond with a 7 coupon rate makes payments on january 15

A bond with a 7% coupon rate makes payments on January 15 and July 15 of each year (181-day coupon period). On January 30 (15 days have passed since the last semiannual coupon was paid), the ask price for the bond was reported as 100.0625. On April 15, it was selling at an ask price of 101.125.

a. What is the bond's invoice price on January 30?

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Financial Management: A bond with a 7 coupon rate makes payments on january 15

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