Question: Five $1000 bonds with 2.2% coupons payable annually are purchased nine months after a coupon matures, to yield 1.1% compounded semi-annually. The bonds mature in

Five $1000 bonds with 2.2% coupons payable annually are purchased nine

Five $1000 bonds with 2.2% coupons payable annually are purchased nine months after a coupon matures, to yield 1.1% compounded semi-annually. The bonds mature in five years. (a) What is the market price or quoted price of the bonds? (b) What is the accrued interest? (c) What is the cash price? (a) The quoted price of the bonds is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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