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Homework answers / question archive / A ?$17,000 bond redeemable at par on May 16, 2007 is purchased on December 25, 2001
A ?$17,000 bond redeemable at par on May 16, 2007 is purchased on December 25, 2001. Interest is 6.4?% payable? semi-annually and the yield is 8.4?% compounded? semi-annually.
?(a) What is the cash price of the? bond?
?(b) What is the accrued? interest?
?(c) What is the quoted? price?
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