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A(n) 15 year bond has a coupon of 8% and is priced to yield 6%. Calculate the price per $1,000 par value using semi-annual compounding.
A(n) 15 year bond has a coupon of 8% and is priced to yield 6%. Calculate the price per $1,000 par value using semi-annual compounding. If an investor purchases this bond two months before a scheduled coupon payment, how much accrued interest must be paid to the seller?
The Price of the bond PV is?(Round to nearest cent)
If an investor purchases this bond two months before a scheduled coupon payment, the amount of accrued interest to be paid to the seller is?(round to nearest cent)
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