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Calculate the Accrued Interest Per Bond and the Total Proceeds \quad

Question 86

Short Answer

Calculate the accrued interest per bond and the total proceeds of the following bond sale, rounding each number to the nearest cent. \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad Time\text {Time}
\quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad since\text {since}
 Coupon Market  Last  Accrued  Commission Per  Bonds  Total  Company  Rate  Price  Interest  Interest  Bond  Purchased  Proceeds  Gina’s Shop 9.7598.2592days $5.007\begin{array} { l l l l l l l l } & \text { Coupon}&\text { Market } & \text { Last } & \text { Accrued } & \text { Commission Per } & \text { Bonds } & \text { Total } \\ \text { Company } & \text { Rate } & \text { Price } & \text { Interest } & \text { Interest } & \underline { \text { Bond } } & \text { Purchased } & \text { Proceeds } \\ \text { Gina's Shop }&9.75&98.25 & 92 \text {days } & & \$ 5.00 & 7 & \end{array}

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