Wall street journal as selling at an ask price

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Reference no: EM13934383

Suppose that today’s date is April 15. A bond with a 9% coupon paid semi annually every January 15 and July 15 is listed in The Wall Street Journal as selling at an ask price of 101:07. If you buy the bond from a dealer today, what price will you pay for it? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Reference no: EM13934383

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