A $1,000 par value, 5 year bond with semi-annual coupons of $30 is purchased to...
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Finance
A $1,000 par value, 5 year bond with semi-annual coupons of $30 is purchased to yield 8.00% compounded semi-annually, Two years and two months later, the bond is sold to another investor also to yield 8.00% compounded semi-annually. Compute the accrued interest included in the purchase price on the sale date.
Group of answer choices
$12.47
$13.47
$14.47
$15.47
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