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6. [HW] $100,000 bond redeemable at par on October 1, 2038, is purchased on January 15, 2017. Interest is 5.9% payable semi-annually and the yield

6. [HW] $100,000 bond redeemable at par on October 1, 2038, is purchased on January 15, 2017. Interest is 5.9% payable semi-annually and the yield is 9% compounded semi-annually. a) What is the cash price of the bond? b) What is the accrued interest? c) What is the purchase price?

SDT =

CPN =

RDT =

RV =

ACT 2/Y

YLD =

PRI =

AI =

a) $70,634.65 b) $1718.13 c) 72,352.78

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