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Calculate the cash price of the following bond, sold on September 21: par = $1,000; coupon rate =4percent, paid on January 1 and July 1;
Calculate the cash price of the following bond, sold on September 21: par = $1,000; coupon rate =4percent, paid on January 1 and July 1; quoted price = $965.(Round answer to 2 decimal places, e.g. 1564.25.)
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Financial Management Core Concepts
Authors: Raymond M Brooks
3rd edition
133866696, 978-0133866698
