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Business, 20.08.2020 16:01 charae0185

A government bond with a coupon rate of 7% makes semiannual coupon payments on January 15 and July 15 of each year. The Wall Street Journal reports the asked price for the bond on January 30 at $1,001.25. What is the invoice price of the bond? The coupon period has 182 days.

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A government bond with a coupon rate of 7% makes semiannual coupon payments on January 15 and July 1...
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