Question
A $17,000, 6% bond redeemable at par on Oct 30, 2025 is purchased on Oct 24, 2021.Interest is payable semi-annually and the yield is 3.2%
A $17,000, 6% bond redeemable at par on Oct 30, 2025 is purchased on Oct 24, 2021.Interest is payable semi-annually and the yield is 3.2% compounded semi-annually.
Calculate the cash price
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Personal Finance
Authors: E. Thomas Garman, Raymond E. Forgue
13th edition
1337099759, 978-1337516440, 1337516449, 978-1337099752
