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A $17,000, 6% bond redeemable at 102% of par on Dec 5, 2020 is purchased on Oct 24, 2016. Interest is payable quarterly and the
A $17,000, 6% bond redeemable at 102% of par on Dec 5, 2020 is purchased on Oct 24, 2016. Interest is payable quarterly and the yield is 2.2% compounded quarterly.
(a) What is the cash price?
(b) What is the accrued interest?
(c) What is the quoted price?
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