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A $19,000 bond redeemable at par on August 16, 2013 is purchased on May 01, 2002. Interest is 8.1% payable semi-annually and the yield is
A $19,000 bond redeemable at par on August 16, 2013 is purchased on May 01, 2002. Interest is 8.1% payable semi-annually and the yield is 6.8% compounded semi-annually.
(a) What is the cash price of the bond?
(b) What is the accrued interest?
(c) What is the quoted price?
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