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A $ 1 8 , 0 0 0 bond redeemable at par on March 1 4 comma 2 0 0 7 is purchased on February
A $ bond redeemable at par on March comma is purchased on February comma Interest is payable semiannually and the yield is compounded semiannually.
a What is the cash price of the bond?
b What is the accrued interest?
c What is the quoted price?Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
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