Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ive provided examples of how the question is solved all previous responses have been in correct A $15,000 bond redeemable et par on December 19,

ive provided examples of how the question is solved all previous responses have been in correct
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
A $15,000 bond redeemable et par on December 19, 2008 is purchased on September 11, 2002. Interest in 8.4% payable semi-annually and the yield is 7.8% compounded somi-annually (a) What is the cash price of the bond? (b) What is the accrued interest? (c) What is the quoted price? (a) The cash price is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Jable $100,000 bond redeemable at par with interest of 6.6% payable semi-annually and a yield of 9.6% compounded semi-annually: ("END" mode) Set PAY = 2; C/Y = 2 CA M 2ND FV 22 N est 9.6 I/Y 3,300.00 XI PMT 100,000 FV CPT PV Ans: - 79,890.43 ull Days between March 24, 2007 and March 27, 2007: DATE 2ND DT1 = 3.2407 ENTER DT2 = 3.2707 est ENTER DBD = CPT Ans: 3 Days between March 24, 2007 and September 24, 2007: DATE 20 DT1 = 3.2407 ENTER DT2 = 9.2407 ENTER DBD = CPT Ans: 184 bst 13/184 79,890.43(1.048) = 79,951.52 3 3,300.00 x 184 :53.80 bst 8 PI 79.951.52-53.80 = 79,897.72 re

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Exchange Traded Funds Manual

Authors: Gary L. Gastineau

2nd Edition

0470482338, 978-0470482339

More Books

Students also viewed these Finance questions

Question

7. What decisions would you make as the city manager?

Answered: 1 week ago

Question

8. How would you explain your decisions to the city council?

Answered: 1 week ago