Question
A government bond with a coupon rate of 4% makes semiannual coupon payments on January 12 and July 12 of each year. The Wall Street
| A government bond with a coupon rate of 4% makes semiannual coupon payments on January 12 and July 12 of each year. The Wall Street Journal reports the asked price for the bond on January 27 at 100:5. What is the invoice price of the bond? The coupon period has 182 days. (Round your answer to 2 decimal places. Omit the "$" sign in your response.) |
| Invoice price | $ |
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Fundamentals Of Futures And Options Markets
Authors: John C. Hull
8th Global Edition
1292155035, 9781292155036
