A $25 000, 10% Bond Redeemable at Par on December

Answer for A $25 000, 10% Bond Redeemable at Par on December 1, 2025, is Purchased for $1 Only (Instant Download)

Bond

A $25 000, 10% bond redeemable at par on December 1, 2025, is purchased on September 25, 2014, to yield 7.6% compounded semi-annually. Bond interest is payable semi-annually.

Q1) What is the Market Price?

Q2) What is the Accrued Interest?

Round your answer to 2 decimal places.

Price of Answer: Just US$1 only (Instant Download)

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