With the money he earned from his volleyball training school, Jay just purchased a 10%, semi-annual, $1,000 bond exactly three months after the last interest payment date. The bond was priced at 96.5. What was the accrued interest at the time of purchase and how much did he pay?  

Answer rating: 100% (QA)

To find the accrued interest and the total amount paid by Jay for the bond well follow these steps D... View the full answer