Business, 15.04.2020 02:46 nae9587

A government bond with a coupon rate of 8% makes semiannual coupon payments on January 14 and July 14 of each year. The Wall Street Journal reports the asked price for the bond on January 29 at $1,000.625. What is the invoice price of the bond? The coupon period has 182 days. (Round your answer to 2 decimal places.)

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A government bond with a coupon rate of 8% makes semiannual coupon payments on January 14 and July 1...