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A $18000 bond redeemable at par on October 25, 2016 is purchased on August 25, 2007. Interest is 7.9% payable semi-annually and the yield is
A $18000 bond redeemable at par on October 25, 2016 is purchased on August 25, 2007. Interest is 7.9% payable semi-annually and the yield is 6.8% compounded semi-annually.
A. What is the cash price?
B. What is the accrued interest?
C. What is the quoted price?
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