Question
The following bond was quoted in The Wall Street Journal: Bonds Current yield Volume Close Net change NJ 4.125% 35 3.5% 5 96.875% +1.5% Five
The following bond was quoted in The Wall Street Journal:
| Bonds | Current yield | Volume | Close | Net change |
| NJ 4.125% 35 | 3.5% | 5 | 96.875% | +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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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrod Harford, David Stangeland, Andras Marosi
3rd Canadian Edition
0135418178, 978-0135418178
