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A Focus bond has a coupon rate of 8.00% and makes semiannual coupon payments on January 15 and July 15 of each year.The Wall Street
A Focus bond has a coupon rate of 8.00% and makes semiannual coupon payments on January 15 and July 15 of each year.The Wall Street Journalreports the ask price for the bond on January 30 at 100:08. What is the invoice price of the bond? The coupon period has 182 days.Note:A bond quote with semi-colon ":", such as XXX:YY, should be read as (XXX+(YY/32))% of par value(Do not round intermediate calculations.Round your answer to 2 decimal places.) |
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