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Jefferson Wilkens purchased a $4,250 bond at the quoted price of 83(1)/(2). The bond paid interest at a rate of 7 percent. What is the
Jefferson Wilkens purchased a $4,250 bond at the quoted price of 83(1)/(2). The bond paid interest at a rate of 7 percent. What is the cost of the bond?
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To calculate the cost of the bond you can use the formula CostofbondQu...
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
78025915, 978-1259115400, 1259115402, 978-0078025914
