A $1000 face value, 7.6% coupon bond pays interest on May 15 and November 15. If its

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A $1000 face value, 7.6% coupon bond pays interest on May 15 and November 15. If its flat price on August 1 was $1065.50, at what price (expressed as a percentage of face value) would the issue have been reported in the financial pages?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:02 AM

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A $1000 face value, 7.6% coupon bond pays interest on May 15 and November 15. If its

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Quoted price Flat price Accrued interest 106550 Accrued interest Time fr...View the full answer

Business Mathematics In Canada

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