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A 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 ask price for the bond on January 30 at

  1. A 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 ask price for the bond on January 30 at 100:02. What is the invoice price of the bond? The coupon period has 182 days.

  2. A bond has a current yield of 9% and a yield to maturity of 10%. Is the bond selling above or below par value? Explain.

Jun 16 2020 View more View Less

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