A bond with a coupon rate of 8% makes semiannual coupon payments on january 15 and July 15 of each year. The Wall Street journal report the Ask price for the bond on january 30 at 100:4. What is the invoice price of the bond. The coupon period has 172 days.

Problem 10-22 A bond with a coupon rate of makes semiannual coupon payments on January 15 and 15 of each year The Wall Street Joumal reports the price for the bond on January 20 w 100.04What the invoice price of the bond? The coupon period has 182 wys. De not round actions Round your answer to 2 decimal places) Invoice price References eBook & Resources Worksheet Difficulty Intermediate Problem 10-22 Learning Objective 10-01 Explain the general terms of i bond contract and how bond prices are quoted in the financial press Check my work