bond with a coupon rate of 7% makes semiannual coupon payments on January 15 and July 15 of each year. The Wall Street Journal ports the ask price for the bond on January 30 at 100.0938. What is the invoice price of the bond? The coupon period has 182 days. o not round intermediate calculations. Round your answer to 2 decimal places.) voice price

bond with a coupon rate of 7% makes semiannual coupon payments on January 15 and July 15 of each year. The Wall Street Journal ports the ask price for the bond on January 30 at 100.0938. What is the invoice price of the bond? The coupon period has 182 days. o not round intermediate calculations. Round your answer to 2 decimal places.) voice price

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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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 100.0938. What is the invoice price of the bond? The coupon period has 182 days.
(Do not round intermediate calculations. Round your answer to 2 decimal places.)
Invoice price

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A bond with a coupon rate of 8% 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 100.2500. What is the invoice price of the bond? The coupon period has 182 days.
A bond with a 7% coupon rate makes payments on January 15 and July 15 of each year (182-day coupon period). On January 30, the ask price for the bond was reported as 100:02. On April 15, it was selling at an ask price of 101:04. What is the bond's invoice price on January 30? If you purchased the bond from a dealer on April 15, what price would you have to pay for it? (Note: Bond quotes are always at a percentage of the face value. Therefore, 103:05 must be read as 103.05% of face value, so the quoted price is $1,030.5.)
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A coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an ask price of 93% of its $1,000 par value. If the last interest payment was made 55 days ago, and this interest period has 183 days, and the coupon rate is 4.25%, what is the invoice price of the bond? Enter your answer to to 2 decimal places.
Required: Suppose that today's date is April 15. A bond with a 10% coupon paid semiannually every January 15 and July 15 is quoted as selling at an ask price of 101.143. If you buy the bond from a dealer today, what price will you pay for it? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Invoice price
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