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Refer to the following information . Amount issuEd $ 400 million Offered ISSUEd at a price of 101. 50% plus accrued interest ( proceeds to

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Refer to the following information ." Amount issuEd $ 400 million Offered ISSUEd at a price of 101. 50% plus accrued interest ( proceeds to Company 101. 30 0% ) through First Boston Corporation . Interest 9. 25% per annum , payable February 15 and August 15. 1 . Suppose the debenture was issued on September 1 , 1992, at 101. 50%. How much would you have to pay to buy one bond delivered on September 15 ? Don't forget to include accrued interest . 2. What is the amount of the first interest payment ?"

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