A $25 000, 10% bond redeemable at par on December 1, 2025, is purchased on September 25,

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Question:

A $25 000, 10% bond redeemable at par on December 1, 2025, is purchased on September 25, 2014, to yield 7.6% compounded semi-annually. Bond interest is payable semi-annually.
a) What is the quoted or market price?
b) What is the accrued interest?
c) What is the cash or purchase price?