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A government bond with a coupon rate of 8 makes semiannual

A government bond with a coupon rate of 8% makes semiannual coupon payments on January 9 and July 9 of each year. The Wall Street Journal reports the asked price for the bond on January 24 at 100:17. What is the invoice price of the bond? The coupon period has 182 days.

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Finance Basics: A government bond with a coupon rate of 8 makes semiannual

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Finance Basics: A government bond with a coupon rate of 8 makes semiannual

Reference No:- TGS01400104

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