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A $10,000 bond that matures on July1, 2020 and has an annual coupon of 7.30% percent, payable on January 1 and July 1, is issued on July 2, 2000. You purchase the bond on February1, 2005 at a price to yield 8%. and your broker charges a $25 commission. How much must you remit for the purchase?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92772575

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