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Nine $ 1 0 0 0 bonds with 3 . 4 % coupons payable semi - annually are purchased three months after a coupon matures,
Nine $ bonds with coupons payable semiannually are purchased three months after a coupon matures,
yield compounded monthly. The bonds mature in ten years.
a What is the market price or quoted price of the bonds?
b What is the accrued interest?
c What is the cash price?
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