How much they will receive for their first interest payment

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Reference no: EM131938700

Mr. Don Rufo and Xiaoyan -together - has purchased 17 bonds with par values of $2,340 each. These bonds that they jointly had purchased carry a coupon rate of 7.5% payable quarterly. Calculate how much they will receive for their first interest payment? (Please show your calculations)

Reference no: EM131938700

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