Can someone please help me with this? Bernie purchased 12 bonds with par values...
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Accounting
Can someone please help me with this?
Bernie purchased 12 bonds with par values of $1,000 each. The bonds carry a coupon rate of 10.5% payable semiannually. How much money will Bernie receive for his first interest payment from these bonds?
For his first interest payment, Bernie will receive $_____ (Round to the nearest cent.)
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