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On february 1 you purchase 10000 face amount and your

A bond matures in 2020 and has an annual coupon of 3.65 percent, payable on January 1 and July 1. The current price of the $1,000 bond is $978. On February 1, you purchase $10,000 face amount, and your broker charges a $25 commission. How much must you remit for the purchase?

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Finance Basics: On february 1 you purchase 10000 face amount and your

Reference No:- TGS0600971

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Two converging lenses each of focal length 142 cm are

Q : Describe how a linear sequence of amino acids gives rise to

Q : If welch establishes its dividends from the residual

Q : A piston-cylinder device initially contains 1 m of nitrogen

Q : On february 1 you purchase 10000 face amount and your

Q : Particles pass through a single slit of width 23 mm use the

Q : A firm has sales of 4720 costs of 2520 interest paid of 167

Q : You want to explore how you fit into the global world as a

Q : Ngata corp issued 14-year bonds 2 years ago at a coupon

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: On february 1 you purchase 10000 face amount and your

Reference No:- TGS0600971

Recent Questions Asked Finance Basics

Q : Two converging lenses each of focal length 142 cm are

Q : Describe how a linear sequence of amino acids gives rise to

Q : If welch establishes its dividends from the residual

Q : A piston-cylinder device initially contains 1 m of nitrogen

Q : On february 1 you purchase 10000 face amount and your

Q : Particles pass through a single slit of width 23 mm use the

Q : A firm has sales of 4720 costs of 2520 interest paid of 167

Q : You want to explore how you fit into the global world as a

Q : Ngata corp issued 14-year bonds 2 years ago at a coupon

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