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A $1000 bond with 6.6% semiannual coupons matures at par on July 27, 2021. Coupon dates are January 27 and July 27. Minhal purchased this
A $1000 bond with 6.6% semiannual coupons matures at par on July 27, 2021. Coupon dates are January 27 and July 27. Minhal purchased this bond on October 19, 2012 to yield a nominal rate of 6% compounded semiannually. Find the purchase price using the actual/actual method to compute the accrued interest. Possible Answers A 1023.15 B 1031.27 1055.41 D 1048.28 E 1052.60 A $1000 bond with 6.6% semiannual coupons matures at par on July 27, 2021. Coupon dates are January 27 and July 27. Minhal purchased this bond on October 19, 2012 to yield a nominal rate of 6% compounded semiannually. Find the purchase price using the actual/actual method to compute the accrued interest. Possible Answers A 1023.15 B 1031.27 1055.41 D 1048.28 E 1052.60
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