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A $100 000 bond redeemable at par on October 1 2038 is purchased on January 15 2017. Interest is 59% payable semi-annually and the yield is 9% compounded semi-annually

A $100 000 bond redeemable at par on October 1, 2038, is purchased on January 15, 2017. Interest is 5.9% payable semi-annually and the yield is 9% compounded semi-annually. (a) What is the purchase price of the bond? (b) What is the accrued interest? (c) What is the market price?

Apr 01 2020 View more View Less

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