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A $15,000 bond redeemable at par on May 09,2011 is purchased on April 14,2001 . Interest is 9.2% payable semi-annually and the yield is 8.5%
A $15,000 bond redeemable at par on May 09,2011 is purchased on April 14,2001 . Interest is 9.2% payable semi-annually and the yield is 8.5% 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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