A $1,000 par value bond has 7.5% semiannual coupons and matures on July 1, 2017...
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Accounting
A $1,000 par value bond has 7.5% semiannual coupons and matures on July 1, 2017 at $1050. Find the actual feeling price of this bond on November 15, 2013 and the price that would be quoted in a financial newspaper on the same date, based on a nominal annual yield rate of 5.8% compounded semiannually. Use the actual number of days to compare the accrued interest.
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