You buy a 7.25 % coupon, $ 5,000 par value bond at a price of 99%, 73

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You buy a 7.25 % coupon, $ 5,000 par value bond at a price of 99%, 73 days into the interest period. If the broker's commission is $ 40, how much does the trade cost you including accrued interest?

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Essentials of Managerial Finance

ISBN: 978-0324422702

14th edition

Authors: Scott Besley, Eugene F. Brigham

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Posted Date: May 15, 2024 09:30 PM

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You buy a 7.25 % coupon, $ 5,000 par value bond at a price of 99%, 73

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To calculate the total cost of the bond trade including accrued interest and the brokers commission ... View the full answer

Essentials of Managerial Finance

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