
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
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![usiness: BUQU 1130: Business Mathematics
Page 137
6. [HW] A $25,000, 10% bond redeemable at par on Dec 1, 2028, is purchased on September 25, 2017,
to yield 7.6^ compounded semi-annually. Bond interest is payable semi-annually.
a) What is the cash price of the bond?
b) What is the accrued interest?
c) What is the purchase price?](https://content.bartleby.com/qna-images/question/6c15aa99-49ff-464e-bbd4-4e43f78d95d6/32602d97-d30d-40fd-966c-5ab4014a0bed/c2j6qm_thumbnail.jpeg)
Transcribed Image Text:usiness: BUQU 1130: Business Mathematics
Page 137
6. [HW] A $25,000, 10% bond redeemable at par on Dec 1, 2028, is purchased on September 25, 2017,
to yield 7.6^ compounded semi-annually. Bond interest is payable semi-annually.
a) What is the cash price of the bond?
b) What is the accrued interest?
c) What is the purchase price?
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