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majarm majarm
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7 years ago
A $150 000 bond redeemable at par on October 1, 2026, is purchased on January 15, 2014. Interest is 6% payable semi-annually and the yield is 7.5% compounded semi-annually.
a) What is the market price of the bond?
b) How much interest has accrued?
c) What is the cash price?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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SupremeSupreme
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#1
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7 years ago
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majarm Author
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7 years ago
Good timing, thanks!
MAry1395
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Yesterday
Correct Slight Smile TY
lierac00
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2 hours ago
Thanks
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