What is the cash price of the bend


Problem

A $23,000 bend redeemable at par on July 02, 2011 is purchased on December 18, 2001. Interest is 9.9% payable semi-annually and the yield is 6.8% cempeunded semi-annually.

i. What is the cash price of the bend?
ii. What is the accrued interest?
iii. What is the quoted price?

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Financial Accounting: What is the cash price of the bend
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