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A government bond with a coupon rate of 4% makes semiannual coupon payments on January 11 and July 11 of each year. The Wall Street
A government bond with a coupon rate of 4% makes semiannual coupon payments on January 11 and July 11 of each year. The Wall Street Journal reports the asked price for the bond on January 26 at 100:15. What is the invoice price of the bond? The coupon period has 182 days.
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