Essay
A $1000 bond, with interest at 8% payable semi-annually on January 1 and July 1, was purchased on October 8 at 104 plus accrued interest. What is the purchase payment for the bond?
Correct Answer:
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Days of accrued interest = 99
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Correct Answer:
Verified
Days of accrued interest = 99
...
...
View Answer
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