What is the quoted price

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A $17,000 bond redeemable at par on May 16, 2007 is purchased on December 25, 2001. Interest is 6.4% payable semi-annually and the yield is 8.4% compounded semi-annually.

Question (a) What is the cash price of the bond?

Question (b) What is the accrued interest?

Question (c) What is the quoted price?

Reference no: EM132599490

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