Question: Six $ 1000 bonds with 4.8 % coupons payable annually are purchased nine months after a coupon matures , to yield 2.4 % compounded quarterly
Six $ 1000 bonds with 4.8 % coupons payable annually are purchased nine months after a coupon matures , to yield 2.4 % compounded quarterly . The bonds mature in ten 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 ? 5 Box. ( 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 . ) ( b ) The accrued interest is equal to ( Round to the nearest cent as needed . ) 5 Box ( c ) The cash price is ( Round to the nearest cent as needed . )
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