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A $25,000 bond redeemable at par on March 21, 2012 is purchased on September 14,...

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Accounting

A $25,000 bond redeemable at par on March 21, 2012 is purchased on September 14, 2006. Interest is 7.1% payable semi-annually and the yield is 5.8% compounded semi-annually.

(a) What is the cash price of the bond?

(b) What is the accrued interest?

(c) What is the quoted price?

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