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What amount of accrued interest much do pay to purchase

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Reference no: EM132768592

Problem 1: You are purchasing a bond with the face value of $3000 and a coupon rate of 5.45%. The bond pays interest semi annually and has a yield to maturity of 5.51%. The bond matures in 7.5 years and pays its next interest payment in four months. What amount of accrued interest much do you pay to purchase this pond today?

Reference no: EM132768592

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