Calculate the invoice price of the bond

Reference no: EM131977746

Question: A government bond with a coupon rate of 9% makes semiannual coupon payments on January 8 and July 8 of each year. The Wall Street Journal reports the asked price for the bond on January 23 at 100:9. What is the invoice price of the bond? The coupon period has 182 days. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131977746

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