Question: A $ 2 0 0 0 , twenty - year 6 % bond was issued on August 1 5 , 2 0 2 1 .

A $2000, twenty-year 6% bond was issued on August 15,2021. The bond pays semiannual coupons. It was sold on November 7,2023, to yield the purchaser 6.5% per year compounded semi-annually until maturity. At what price did the bond sell (what is the quoted price)?(6 marks)
Hint: Compute the purchase price, accrued interest and the cash price first.
A $2000, twenty-year 6% bond was issued on August 15,2021. The

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