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The following bond was quoted in The Wall Street Journal: Bonds NJ 4.125% 35 Current yield 3.5% Volume 5 Close 96.875% Net change +1.5% Five
The following bond was quoted in The Wall Street Journal: Bonds NJ 4.125% 35 Current yield 3.5% Volume 5 Close 96.875% Net change +1.5% Five bonds were purchased yesterday, and 5 bonds were purchased today. How much more did the 5 bonds cost today? (Do not round intermediate calculations.) Increased cost
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