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A $22,000 bond redeemable at par on May 12,2008 is purchased on June 07,2001 . Interest is 5.3% payable semi-annually and the yield is 9.8%

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A $22,000 bond redeemable at par on May 12,2008 is purchased on June 07,2001 . Interest is 5.3% payable semi-annually and the yield is 9.8% compounded semi-annually. (a) What is the cash price of the bond? (b) What is the accrued interest? (c) What is the quoted price? (a) The cash 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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