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A $25,000, 10% bond redeemable at par on December 1,2025, is purchased on September 25,2014, to yield 7.6% compounded semi-annually . Bond interest is payable
A $25,000, 10% bond redeemable at par on December 1,2025, is purchased on September 25,2014, to yield 7.6% compounded semi-annually . Bond interest is payable semi-annually. Note June 1,2014 to Dec 1,2025 = 11.5 years. a. What is the cash price? B. What is the accrued interest? C. What is the quoted price
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