Question: QUESTION 8 A $10,000 bond redeemable at par on August 10, 2019 was bought on June 15, 2015. The bond pays 5% compounded semi- annually

QUESTION 8 A $10,000 bond redeemable at par on August 10, 2019 was bought on June 15, 2015. The bond pays 5% compounded semi- annually and the current yield is 6% compounded semi-annually. Round final answers to the nearest cent. a) What was the purchase price of the bond? (6 marks) b) What was the accrued interest amount? (1 mark) c) What was the quoted price? (1 mark)

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