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What is the accrued interest

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Six $1000 bonds with 2.4% coupons payable semi-annually are purchased three months after a coupon matures, to yield 1.2% compounded monthly. The bonds mature in eight years. What is the purchase price of the bonds? (6) What is the accrued interest? (2) What is the market price of the six bonds?

Reference no: EM132499759

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