What is the invoice price of the bond

Assignment Help Financial Management

Reference no: EM131521865

A government bond with a coupon rate of 7% makes semiannual coupon payments on January 15 and July 15 of each year. The Wall Street Journal reports the asked price for the bond on January 30 at 100:11. 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: EM131521865

Questions Cloud

What is the average monthly return : What is the average monthly return?

Determine the amount of these annual payments : principal and interest of the outstanding balance determine the amount of these annual payments.

What is the minimum continuously compounded interest rate : What is the minimum continuously compounded interest rate that could be acceptable to this investor for this loan?

What is the project year two net cash flow : What is the project's year 0 net cash flow? What is the project's year 2 net cash flow?

What is the invoice price of the bond : The Wall Street Journal reports the asked price for the bond on January 30 at 100:11. What is the invoice price of the bond?

About the considering income tax : what is the equivalent cost per Mlle (without considering Income tax)?

Find the macaulay duration and approximate convexity : Consider $1,000 face value 6% coupon bond with 3 years left to maturity that pays semi-annual interest. find the Macaulay Duration-Approximate Convexity.

Commerce periodically sponsors public service seminars : The Westchester Chamber of Commerce periodically sponsors public service seminars and programs.

Qualify for marital deduction in her estate : Which bequest did NOT qualify for a marital deduction in her estate?

User Account

All Pages