Question: FULL SOLUTION TO QUESTION 3 AND 4 PLEASE! Questloh 3 A $18000 bond redeemable at par on October 25, 2016 is purchased on August 25,

FULL SOLUTION TO QUESTION 3 AND 4 PLEASE!

FULL SOLUTION TO QUESTION 3 AND 4 PLEASE! Questloh 3 A $18000

Questloh 3 A $18000 bond redeemable at par on October 25, 2016 is purchased on August 25, 2007. Interest is 7.9% payable semi-annually and the yield is 6.8% compounded semi-annually. (a) What is the cash price? (b) What is the accrued interest? (c) What is the quoted price? Question 4 A $16,000 bond redeemable at par on July 27, 2012 is purchased on October 19, 2002. Interest is 6.9% payable semi-annually and the yield is 7.3% compounded semi-annually. (a) What is the cash price? (b) What is the accrued interest? (c) What is the quoted price? Questloh 3 A $18000 bond redeemable at par on October 25, 2016 is purchased on August 25, 2007. Interest is 7.9% payable semi-annually and the yield is 6.8% compounded semi-annually. (a) What is the cash price? (b) What is the accrued interest? (c) What is the quoted price? Question 4 A $16,000 bond redeemable at par on July 27, 2012 is purchased on October 19, 2002. Interest is 6.9% payable semi-annually and the yield is 7.3% compounded semi-annually. (a) What is the cash price? (b) What is the accrued interest? (c) What is the quoted price

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