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Suppose that todays date is April 15. A bond with a 5.5% coupon paid semiannually every January 15 and July 15 is listed in The
Suppose that todays date is April 15. A bond with a 5.5% coupon paid semiannually every January 15 and July 15 is listed in The Wall Street Journal as selling at an ask price of 101:08. If you buy the bond from a dealer today, what invoice price will you pay for it? |
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