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A $17,000 bond redeemable at par on May16,2007 is purchased on December25,2001. Interest is 6.4% payablesemi-annually and the yield is 8.4% compoundedsemi-annually. (a) What is

A $17,000 bond redeemable at par on May16,2007 is purchased on December25,2001. Interest is 6.4% payablesemi-annually and the yield is 8.4% compoundedsemi-annually.

(a) What is the cash price of thebond?

(b) What is the accruedinterest?

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