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2 0 Required: A coupon bond paying semiannual interest is reported as having an ask price of 1 1 8 % of its $ 1
Required: A coupon bond paying semiannual interest is reported as having an ask price of of its $ par value. If the last interest payment was made one month ago and the coupon rate is what is the invoice price of the bond? Assume that the month has days. Do not round intermediate calculations. Round your answer to decimal places. :: Invoice price
Required:
A coupon bond paying semiannual interest is reported as having an ask price of of its $ par value. If the last interest payment was made one month ago and the coupon rate is what is the invoice price of the bond? Assume that the month has days. Do not round intermediate calculations. Round your answer to decimal places.
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Invoice price
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