The wall street journal as selling at ask price

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Reference no: EM131453761

Suppose that today's 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 101:19. If you buy the bond from a dealer today, what price will you pay for it? (Round your answer to 2 decimal places. Omit the "$A sign in your response.)

Reference no: EM131453761

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