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A $25,000, 10% bond redeemable at par on Dec 1, 2028, is purchased on September 25, 2017, to yield 7.6^ compounded semi-annually. Bond interest is

A $25,000, 10% bond redeemable at par on Dec 1, 2028, is purchased on September 25, 2017, to yield 7.6^ compounded semi-annually. Bond interest is payable semi-annually. a) What is the cash price of the bond? b) What is the accrued interest? c) What is the purchase price?

SDT = ? CPN = ? RDT = ? RV = ? ACT 2/Y YLD = ? PRI = ? AI = ?

Answer is: a) $29460 Ans: b) $792.35 Ans: c) $30252.35

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