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A bond with a coupon rate of 8% makes semiannual coupon payments on January 10 and July 10 of each year. The Wall Street Journal
A bond with a coupon rate of 8% makes semiannual coupon payments on January 10 and July 10 of each year. The Wall Street Journal reports the ask price for the bond on January 25 at $1,002.1875. What is the invoice price of the bond? The coupon period has 182 days.
Note: Round your answer to 2 decimal places.
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