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15.2.14 A $25,000 bond redeemable at par on September 07, 2008 is purchased on April 22, 2001. Interest is 6.6% payable semi-annually and the yield
15.2.14 A $25,000 bond redeemable at par on September 07, 2008 is purchased on April 22, 2001. Interest is 6.6% payable semi-annually and the yield is 9.6% compounded semi-annually. (a) What is the cash price of the bond? (b) What is the accrued interest? (c) What is the quoted price? 15.2.14 A $25,000 bond redeemable at par on September 07, 2008 is purchased on April 22, 2001. Interest is 6.6% payable semi-annually and the yield is 9.6% compounded semi-annually. (a) What is the cash price of the bond? (b) What is the accrued interest? (c) What is the quoted price
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