Question: A $1000 face value, 10% coupon bond (interest payable semiannually) is purchased three years before maturity to yield 6% compounded semiannually to maturity. What amount

A $1000 face value, 10% coupon bond (interest payable semiannually) is purchased three years before maturity to yield 6% compounded semiannually to maturity. What amount would accountants treat as interest income for the first year?

66 100 33.25 60 600

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