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Six $1000 bonds with 9.8% coupons payable annually are purchased six months after a coupon...

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Finance

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Six $1000 bonds with 9.8% coupons payable annually are purchased six months after a coupon matures, to yield 4.9% compounded quarterly. The bonds mature in eight years (a) What is the market price or quoted price of the bonde? (b) What is the accrued interest? (c) What is the cash price? (a) The quoted price of the bonds is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The accrued interest is equal to $ (Round to the nearest cont as needed.) (c) The cash price is $. (Round to the nearest cont as needed.)

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