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CH12 Q12 12 Suppose that today's date is April 15. A bond with a 5.5% coupon paid semiannually every January 15 and July 15 is

CH12 Q12

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12 Suppose that today's date is April 15. A bond with a 5.5% coupon paid semiannually every January 15 and July 15 is quoted as selling at an ask price of 101.2500 percent of par. If you buy the bond from a dealer today, what price will you pay for it? (Round your answer to 2 decimal places.) pints Invoice price eBook

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