Find the total proceeds (in $) from the sale of 20 bonds with a coupon rate of 8.25 and a current price of 96.575. (Round your answer to the nearest cent.) The commission charge is $6.00 per bond. The date of the transaction is 145 days since the last interest payment.
Find the total proceeds (in $) from the sale of 20 bonds with a coupon rate of 8.25 and a current price of 96.575. (Round your answer to the nearest cent.) The commission charge is $6.00 per bond. The date of the transaction is 145 days since the last interest payment.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Find the total proceeds (in $) from the sale of 20 bonds with a coupon rate of 8.25 and a current price of 96.575. (Round your answer to the nearest cent.)
The commission charge is $6.00 per bond. The date of the transaction is 145 days since the last interest payment.
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