Calculate the invoice price

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Question - In this exercise, you compute the invoice price of a $1000 par value, 5% semi-annual payment coupon bond maturing on December 31, 2022 for various settlement dates. Use a yield to 6.2%.

a) Calculate the invoice price (as a percentage of par value and in dollars) when the settlement date is December 31, 2015.

b) Calculate the invoice price (as a percentage of par value and in dollars) when the settlement date is April 20, 2016.

Reference no: EM132194248

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