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What the cash paid to the seller is

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Reference no: EM132762972

Problem 1: An investor purchased a bond as a long-term investment between interest dates at a premium. At the purchase date, the cash paid to the seller is

A. The same as the face amount of the bond.
B. The same as the face amount of the bond plus accrued interest.
C. More than the face amount of the bond.
D. Less than the face amount of the bond.

Reference no: EM132762972

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