A $100 000 bond redeemable at par on October 1, 2038, is purchased on January 15, 2017.
Question:
(a) What is the purchase price of the bond?
(b) What is the accrued interest?
(c) What is the market price?
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a FV 100 00000 PMT 100 0000000295 295000 i 45 The interest date preced...View the full answer
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Related Book For 
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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