A $17,000 bond redeemable at par on january 05,2013 is purchased on april 19, 2006. Interset is 5.3% payable semi-annually and the yeild is 9.7% compunded semi- annually (a) what is the cash price of the bond? (b) what is the accrued intrest? (c) what is the quoted price?
A $17,000 bond redeemable at par on january 05,2013 is purchased on april 19, 2006. Interset is 5.3% payable semi-annually and the yeild is 9.7% compunded semi- annually (a) what is the cash price of the bond? (b) what is the accrued intrest? (c) what is the quoted price?
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 4EA: On January 1, 2018, Wawatosa Inc. issued 5-year bonds with a face value of $200,000 and a stated...
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A $17,000 bond redeemable at par on january 05,2013 is purchased on april 19, 2006. Interset is 5.3% payable semi-annually and the yeild is 9.7% compunded semi- annually
(a) what is the cash price of the bond?
(b) what is the accrued intrest?
(c) what is the quoted price?
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