A government bond with a coupon rate of 5% makes semiannual coupon payments on January 7 and July 7 of each year. The Wall Street Journal reports the asked price for the bond on January 22 at $1,005.9375. 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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Home » Business » A government bond with a coupon rate of 5% makes semiannual coupon payments on January 7 and July 7 of each year. The Wall Street Journal reports the asked price for the bond on January 22 at $1,005.9375.