Question
A $17,000 bond redeemable at par on January 05, 2013 is purchased on April 19, 2006. Interest is 5.3% payable semi-annually and the yield is
A $17,000 bond redeemable at par on January 05, 2013 is purchased on April 19, 2006. Interest is 5.3% payable semi-annually and the yield is 9.7% compounded semi-annually
(a) What is the cash price of the bond?
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Financial Accounting
Authors: Belverd E Needles, Marian Powers
10th Edition
0547193289, 9780547193281
