Find out the invoice price of the bond


Problem:

A bond with a coupon rate of 7% makes semiannual coupon payments on January 15 and July 15 of each year. The Wall Street Journal reports the ask price for the bond on January 30 at 100:08.

Required:

Question: What is the invoice price of the bond? The coupon period has 182 days.

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Accounting Basics: Find out the invoice price of the bond
Reference No:- TGS0891995

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