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A $21,000 bond redeemable at par on February 26,2011 is purchased on February 09,2002 . Interest is 9.5% payable semi-annually and the yield is 7.2%
A $21,000 bond redeemable at par on February 26,2011 is purchased on February 09,2002 . Interest is 9.5% payable semi-annually and the yield is 7.2% 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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