Andrews wants to retire the following bond early: Series - 10.4S2031 Face - $6,000,000 Yield - 12.4%

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Andrews wants to retire the following bond early:
Series - 10.4S2031
Face - $6,000,000
Yield - 12.4%
Close - $83.99
Assuming no brokerage fees, calculate the amount of cash needed to retire the bond.

$960,867

$5,039,133

$6,000,000

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Dec 09, 2022 01:49 AM

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Andrews wants to retire the following bond early: Series - 10.4S2031 Face - $6,000,000 Yield - 12.4%

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Income Tax Fundamentals 2013

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