Question: Please show all work. All info given is what was provided in the book. Refer to the following information: $400 million issued at a price
Please show all work. All info given is what was provided in the book.

Refer to the following information: $400 million issued at a price of 101.50% plus accrued interest (proceeds to company 101.300%) through First Boston Corporation. Amount issued Offered 9.25% per annum, payable February 15 and August 15. Interest Suppose the debenture was issued on September 1, 1992, at 101.50%. How much would you have to pay to buy one bond delivered on September 15? Dont forget to include accrued interest. What is the amount of the first interest payment
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