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3 2 points three months, and the current 3-month interest rate at...

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Accounting

3
2 points
three months, and the current 3-month interest rate at which funds can be loaned or borrowed is 8% per year. The seller elects to deliver a Treasury bond issue with a conversion factor of 1.20. Also assume that the accrued interest is 7. What is the invoice price that the buyer pays?
$125,800
$127,100
$126,300
$124,600
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