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A $1,000 par value bond is currently selling for $1,020. This bond has a coupon rate of 9% and coupon is paid semiannually on Jan
A $1,000 par value bond is currently selling for $1,020. This bond has a coupon rate of 9% and coupon is paid semiannually on Jan 1st and July 1st each year. Today is November 1st and you just bought this bond.
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
