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A$15,000 bond redeemable at par on March 21, 2009 is purchased on April 22, 2002. Interest is 5.5% payable semi-annually and the yield is 6.1%
A$15,000 bond redeemable at par on March 21, 2009 is purchased on April 22, 2002. Interest is 5.5% payable semi-annually and the yield is 6.1% compounded semi-annually.
(a) What is the cash price of the bond?
(b) What is the accrued interest?
(c) What is the quoted price?
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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