Question
A government bond with a coupon rate of 9% makes semiannual coupon payments on January 8 and July 8 of each year. The Wall Street
| A government bond with a coupon rate of 9% makes semiannual coupon payments on January 8 and July 8 of each year. The Wall Street Journal reports the asked price for the bond on January 23 at 100:9. What is the invoice price of the bond? The coupon period has 182 days. |
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Restructuring And Innovation In Banking
Authors: Claudio Scardovi
1st Edition
331940203X, 978-3319402031
