1 you are purchasing a bond with a face value of 1000 and a, Ask an Expert

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1. You are purchasing a bond with a face value of $1,000 and a coupon rate of 6.95 percent. The bond pays interest semiannually and has a yield to maturity of 7.23 percent. The bond matures in 6.5 years and pays its next interest in two months. What amount of accrued interest must you pay to purchase this bond today?

2. "A couple is planning to finance its three-year-old child's university education. Money can be deposited at 4% compounded quarterly. What quarterly deposit must be made from the child's 31d birthday to the 18th birthday to provide S65,000 on each birthday from the 18th to the 21s"? (Note that the last deposit is made on of the first withdrawal)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92802912

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