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A government bond with a coupon rate of 5 % makes semiannual coupon payments on January 1 3 and July 1 3 of each year.
A government bond with a coupon rate of makes semiannual coupon payments on January and July of each year. The Wall
Street Journal reports the asked price for the bond on January at $ What is the invoice price of the bond? The coupon
period has days. Round your answer to decimal places.
Answer is complete but not entirely correct.
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