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A $18,000 bond redeemable at par on July 09, 2013 is purchased on September 12, 2007. Interest is 7.4% payable semi-annually and the yield is
A $18,000 bond redeemable at par on July 09, 2013 is purchased on September 12, 2007. Interest is 7.4% payable semi-annually and the yield is 7.9% compounded semi-annually. (a) What is the cash price of the bond? (b) What is the accrued interest? (c) What is the quoted price? (a) The cash price is $0 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The accrued interest is $] (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (C) The quoted price is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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