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Jojo Alvez purchase 32 bonds that mature in 2024 at 96.7. They have a coupon rate of 8.625%. Find (a) the total cost if commissions
Jojo Alvez purchase 32 bonds that mature in 2024 at 96.7. They have a coupon rate of 8.625%. Find (a) the total cost if commissions are $10 per bond, (b) the annual interest and (c) the effective interest rate rounded to the nearest tenth. Question 20 options:
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