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Leonardo Purchased a Bond Today with an 8 Percent Semi-Annual

Question 86

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Leonardo purchased a bond today with an 8 percent semi-annual coupon and with a face value of $15000 .A semi-annual coupon is due in exactly one month and the bond was priced at 94.8.What was the total price for the bond?

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First,the seller is owed five months' ac...

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