Question
A government bond with a coupon rate of 9% makes semiannual coupon payments on January 9 and July 9 of each year. The Wall Street
A government bond with a coupon rate of 9% makes semiannual coupon payments on January 9 and July 9 of each year. The Wall Street Journal reports the asked price for the bond on January 24 at 100:8. 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.)
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AI In The Financial Markets
Authors: Federico Cecconi
1st Edition
3031265173, 978-3031265174
