Question 1

A $1,000 bond, with interest at 9% on March 1 and September 1, was purchased on November 4 at 107 plus accrued interest. Compute the entire purchase cost of the bond. (Assume a 360-day year and a commission of $5 per bond.)

Accepted Answer

The answer of A $1,000 bond, with interest at 9%...

Question 2

On June 20, Betty Carper purchased eight JVT 7.2s09 bonds that pay interest semiannually on April 1 and October 1. Calculate the accrued interest Betty paid to the seller. (Assume a 360-day year.)​

Accepted Answer

The answer of On June 20, Betty Carper purchased eight...

Question 3

A $1,000 bond, with interest at 10% on March 1 and September 1, was purchased on February 13. Compute the dollar amount of accrued interest that will be paid to the seller. (Assume a 360-day year.)

Accepted Answer

The answer of A $1,000 bond, with interest at 10%...

Question 4

A $1,000 bond, with interest at 8% on March 1 and September 1, was sold on July 8 at 92 plus accrued interest. Compute the dollar amount of the sale the seller received. (Assume a 360-day year and a commission of $5 per bond.)

Accepted Answer

The answer of A $1,000 bond, with interest at 8%...

Question 5

A $1,000 bond, with interest at 9% on January 1 and July 1, was purchased on September 12 at 86 plus accrued interest. Compute the entire purchase cost of the bond. (Assume a 360-day year and a commission of $5 per bond.)

Accepted Answer

The answer of A $1,000 bond, with interest at 9%...

Question 6

A $1,000 bond, with interest at 9 % on March 1 and September 1, was sold on July 7 at 106 plus accrued interest. Compute the dollar amount of the sale the seller received. (Assume a 360-day year and a commission of $5 per bond.)

Accepted Answer

The answer of A $1,000 bond, with interest at 9...

Question 7

A $1,000 bond, with interest at 8% on March 1 and September 1, was purchased on October 17. Compute the dollar amount of accrued interest that will be paid to the seller. (Assume a 360-day year.)

Accepted Answer

The answer of A $1,000 bond, with interest at 8%...

Question 8

​A $1,000 bond, with interest at 8 ½% on March 1 and September 1, was purchased on June 18 at 108 plus accrued interest. Compute the entire purchase cost of the bond. (Assume a 360-day year and a commission of $5 per bond.)

Accepted Answer

The answer of ​A $1,000 bond, with interest at 8...

Question 9

A $1,000 bond, with interest at 9% on March 1 and September 1, was sold on October 30 at 105 plus accrued interest. Compute the dollar amount of the sale the seller received. (Assume a 360-day year and a commission of $5 per bond.)​

Accepted Answer

The answer of A $1,000 bond, with interest at 9%...

Question 10

A $1,000 bond, with interest at 9 ¼% on January 1 and July 1, was purchased on September 10. Compute the dollar amount of accrued interest that will be paid to the seller. (Assume a 360-day year.)

Accepted Answer

The answer of A $1,000 bond, with interest at 9...

Question 11

A $1,000 bond, with interest at 7% on January 1 and July 1, was purchased on May 11. Compute the dollar amount of accrued interest that will be paid to the seller. (Assume a 360-day year)

Accepted Answer

The answer of A $1,000 bond, with interest at 7%...

Question 12

Two $1,000 bonds, with interest at 8% on March 1 and September 1, were purchased on October 8 at 104 plus accrued interest. Compute the entire purchase cost of the bonds. (Assume a 360-day year and a commission of $5 per bond.)

Accepted Answer

The answer of Two $1,000 bonds, with interest at 8%...

Question 13

Five $1,000 bonds that pay interest at 9% semiannually on April 1 and October 1 were purchased July 10 at 92. Calculate the total amount paid for the bonds. (Assume a 360-day year and a commission of $5 per bond.)

Accepted Answer

The answer of Five $1,000 bonds that pay interest at...

Question 14

A $1,000 bond, with interest at 8 ½% on January 1 and July 1, was sold on September 4 at 103 plus accrued interest. Compute the dollar amount of the sale the seller received. (Assume a 360-day year and a commission of $5 per bond.)

Accepted Answer

The answer of A $1,000 bond, with interest at 8...

Question 15

A $1,000 bond, with interest at 9 ⅛ % on March 1 and September 1, was purchased on October 15. Compute the number of days for which accrued interest will be paid.

Accepted Answer

The answer of A $1,000 bond, with interest at 9...

Question 16

A $1,000 bond, with interest at 8.2% paid semiannually January 1 and July 1, was purchased on August 18. Compute the number of days for which accrued interest will be paid.

Accepted Answer

The answer of A $1,000 bond, with interest at 8.2%...

Question 17

On November 15, Melvin Weldon purchased five KTV 8s12 bonds that pay interest semiannually on April 1 and October 1. Calculate the accrued interest Melvin paid to the seller. (Assume a 360-day year.)​

Accepted Answer

The answer of On November 15, Melvin Weldon purchased five...

Question 18

A $1,000 bond, with interest at 10.4% paid semiannually April 1 and October 1, was purchased on November 20. Compute the number of days for which accrued interest will be paid.

Accepted Answer

The answer of A $1,000 bond, with interest at 10.4%...

Question 19

A $1,000 bond, with interest at 9% on January 1 and July 1, was sold on March 20 at 109 plus accrued interest. Compute the dollar amount of the sale the seller received. (Assume a 360-day year and a commission of $5 per bond.)

Accepted Answer

The answer of A $1,000 bond, with interest at 9%...

Question 20

A $1,000 bond, with interest at 8 ½% on January 1 and July 1, was purchased on September 30 at 97 plus accrued interest. Compute the entire purchase cost of the bond. (Assume a 360-day year and a commission of $5 per bond.)

Accepted Answer

The answer of A $1,000 bond, with interest at 8...

Quiz 22: Corporate and Government Bonds

A $1,000 bond, with interest at 9% on March 1 and September 1, was purchased on November 4 at 107 plus accrued interest. Compute the entire purchase cost of the bond. (Assume a 360-day year and a commission of $5 per bond.)

On June 20, Betty Carper purchased eight JVT 7.2s09 bonds that pay interest semiannually on April 1 and October 1. Calculate the accrued interest Betty paid to the seller. (Assume a 360-day year.)​

A $1,000 bond, with interest at 10% on March 1 and September 1, was purchased on February 13. Compute the dollar amount of accrued interest that will be paid to the seller. (Assume a 360-day year.)

A $1,000 bond, with interest at 8% on March 1 and September 1, was sold on July 8 at 92 plus accrued interest. Compute the dollar amount of the sale the seller received. (Assume a 360-day year and a commission of $5 per bond.)

A $1,000 bond, with interest at 9% on January 1 and July 1, was purchased on September 12 at 86 plus accrued interest. Compute the entire purchase cost of the bond. (Assume a 360-day year and a commission of $5 per bond.)

A $1,000 bond, with interest at 9 % on March 1 and September 1, was sold on July 7 at 106 plus accrued interest. Compute the dollar amount of the sale the seller received. (Assume a 360-day year and a commission of $5 per bond.)

A $1,000 bond, with interest at 8% on March 1 and September 1, was purchased on October 17. Compute the dollar amount of accrued interest that will be paid to the seller. (Assume a 360-day year.)

​A $1,000 bond, with interest at 8 ½% on March 1 and September 1, was purchased on June 18 at 108 plus accrued interest. Compute the entire purchase cost of the bond. (Assume a 360-day year and a commission of $5 per bond.)

A $1,000 bond, with interest at 9% on March 1 and September 1, was sold on October 30 at 105 plus accrued interest. Compute the dollar amount of the sale the seller received. (Assume a 360-day year and a commission of $5 per bond.)​

A $1,000 bond, with interest at 9 ¼% on January 1 and July 1, was purchased on September 10. Compute the dollar amount of accrued interest that will be paid to the seller. (Assume a 360-day year.)

A $1,000 bond, with interest at 7% on January 1 and July 1, was purchased on May 11. Compute the dollar amount of accrued interest that will be paid to the seller. (Assume a 360-day year)

Two $1,000 bonds, with interest at 8% on March 1 and September 1, were purchased on October 8 at 104 plus accrued interest. Compute the entire purchase cost of the bonds. (Assume a 360-day year and a commission of $5 per bond.)

Five $1,000 bonds that pay interest at 9% semiannually on April 1 and October 1 were purchased July 10 at 92. Calculate the total amount paid for the bonds. (Assume a 360-day year and a commission of $5 per bond.)

A $1,000 bond, with interest at 8 ½% on January 1 and July 1, was sold on September 4 at 103 plus accrued interest. Compute the dollar amount of the sale the seller received. (Assume a 360-day year and a commission of $5 per bond.)

A $1,000 bond, with interest at 9 ⅛ % on March 1 and September 1, was purchased on October 15. Compute the number of days for which accrued interest will be paid.

A $1,000 bond, with interest at 8.2% paid semiannually January 1 and July 1, was purchased on August 18. Compute the number of days for which accrued interest will be paid.

On November 15, Melvin Weldon purchased five KTV 8s12 bonds that pay interest semiannually on April 1 and October 1. Calculate the accrued interest Melvin paid to the seller. (Assume a 360-day year.)​

A $1,000 bond, with interest at 10.4% paid semiannually April 1 and October 1, was purchased on November 20. Compute the number of days for which accrued interest will be paid.

A $1,000 bond, with interest at 9% on January 1 and July 1, was sold on March 20 at 109 plus accrued interest. Compute the dollar amount of the sale the seller received. (Assume a 360-day year and a commission of $5 per bond.)

A $1,000 bond, with interest at 8 ½% on January 1 and July 1, was purchased on September 30 at 97 plus accrued interest. Compute the entire purchase cost of the bond. (Assume a 360-day year and a commission of $5 per bond.)

On June 20, Betty Carper purchased eight JVT 7.2s09 bonds that pay interest semiannually on April 1 and October 1. Calculate the accrued interest Betty paid to the seller. (Assume a 360-day year.)

A $1,000 bond, with interest at 8 ½% on March 1 and September 1, was purchased on June 18 at 108 plus accrued interest. Compute the entire purchase cost of the bond. (Assume a 360-day year and a commission of $5 per bond.)

A $1,000 bond, with interest at 9% on March 1 and September 1, was sold on October 30 at 105 plus accrued interest. Compute the dollar amount of the sale the seller received. (Assume a 360-day year and a commission of $5 per bond.)

On November 15, Melvin Weldon purchased five KTV 8s12 bonds that pay interest semiannually on April 1 and October 1. Calculate the accrued interest Melvin paid to the seller. (Assume a 360-day year.)