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Consider Bond ABC Coupon rate: 12,6% per year Yield to maturity: 9,5% per year Settlement...

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Question

Accounting

Consider Bond ABC

Coupon rate: 12,6% per year

Yield to maturity: 9,5% per year

Settlement date: 9 May 2021

Maturity date: 29 September 2027

What is the approximate accrued interest?

a.

R4,93644%

b.

R1,41534%

c.

R6,35178%

d.

R0,70767%

Answer & Explanation Solved by verified expert
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