Question
A bond with a coupon rate of 9% makes semiannual coupon payments on April 15 and October 15 of each year. The Wall Street Journal
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A bond with a coupon rate of 9% makes semiannual coupon payments on April 15 and October 15 of each year. The Wall Street Journal reports the ask price for the bond on May 15 at 100.24. What is the invoice price of the bond on May 15? The coupon period has 182 days. Assume the face value of the bond is $1000.
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Public Finance In Canada
Authors: Harvey S. Rosen, Wen, Snoddon
4th Canadian Edition
0070071837, 978-0070071834
