Find the quoted and purchase price when day counting basis

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Reference no: EM131330561

A $10,000, 8%(2) bond that matures at par on 6/1/20 is sold on 11/12/13 to a man requiring 10%(4) on his money.

a. Find the quoted and purchase price when day counting basis is 30/360.

b. Find the quoted and purchase price when day counting basis is Actual/360.

Reference no: EM131330561

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