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Philipa is interested in buying some bonds. The bond has a face value of $1,000 and an interest rate of 2.65% paid semi-annually. The bond
- Philipa is interested in buying some bonds. The bond has a face value of $1,000 and an interest rate of 2.65% paid semi-annually. The bond has a bid price of $102.50 and was last traded at $102.15. The maturity date is the 22nd of August 2024.
- If Philipa buys 10 bonds, how much will it cost her now and how much will the next interest payment be?
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
