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PLEASE DO IT CORRECTLY, THANKYOU! A $20,000 bond redeemable at par on November 24,2010 is purchased on June 17,2001 . Interest is 9.4% payable semi-annually
PLEASE DO IT CORRECTLY, THANKYOU!
A $20,000 bond redeemable at par on November 24,2010 is purchased on June 17,2001 . Interest is 9.4% payable semi-annually and the yield is 8.5% compounded semi-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.) (b) The accrued interest is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) The quoted price is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)Step by Step Solution
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