What is the invoice price of the bond

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Reference no: EM131451082

A government bond with a coupon rate of 4% makes semiannual coupon payments on January 12 and July 12 of each year. The Wall Street Journal reports the asked price for the bond on January 27 at 100:5. What is the invoice price of the bond? The coupon period has 182 days. (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Invoice price $

Reference no: EM131451082

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