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A bond with a coupon rate of 7% makes semi-annual coupon payments on January 15 and July 15 of each year. The Wall Street Journal
A bond with a coupon rate of 7% makes semi-annual 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 100.0625 (quoted as 100.0625 at Wall Street Journal). What is the invoice price of the bond? (face value of bond is $1,000)
(assume the bond use actual/actual day count convention, and the 6-month coupon period has 182 days)
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