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You bought a $1,000 face value Midwest P&L bond on March 1. The bond pays...

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Accounting

You bought a $1,000 face value Midwest P&L bond on March 1. The bond pays a coupon rate of 4%/year semiannually on November 1 and May 1. A) Draw a 6-month timeline as we did in the Class Notes. B) How much accrued interest did you pay?

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