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A bond with a coupon rate of 4 % makes semiannual coupon payments on January 1 1 and July 1 1 of each year. The
A bond with a coupon rate of makes semiannual coupon payments on January and July of each year. The Wall Street Journal reports the ask price for the bond on January at $ What is the invoice price of the bond? The coupon period has days.
Note: Round your answer to decimal places.
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