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A $24,000 bond redeemable at par on September 22, 2016 is purchased on April 13, 2007. Interest is 5.2% payable semi-annually and the yield is
A $24,000 bond redeemable at par on September 22, 2016 is purchased on April 13, 2007. Interest is 5.2% payable semi-annually and the yield is 9.4% compounded semi-annually
- What is the cash price of the bond?
- What is the accrued interest?
- What is the quoted price?
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The Oxford Handbook Of Entrepreneurial Finance
Authors: Douglas Cumming
1st Edition
0195391241, 978-0195391244
