Question: A $100 000 bond is redeemable at par in 14 years, 10 months. If interest on the bond is 7.5% payable semiannually, what is the

A $100 000 bond is redeemable at par in 14 years, 10 months. If interest on the bond is 7.5% payable semiannually, what is the purchase price to yield 8% com- pounded semiannually?
(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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