Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 307 Weeks Ago, 4 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 18 Aug 2017 My Price 6.00

Accrued Interest

Problem 6-20 Accrued Interest [LO 2]

You purchase a bond with an invoice price of $1,120. The bond has a coupon rate of 10.4 percent, semiannual coupons, and there are five months to the next coupon date.
Required:

What is the clean price of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
  Clean price $   

Problem 6-21 Accrued Interest [LO 2]

You purchase a bond with a coupon rate of 9.2 percent, semiannual coupons, and a clean price of $830.
Required:

If the next coupon payment is due in five months, what is the invoice price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
  Invoice price $   

 

Answers

Maurice Tutor
(5)
Status NEW Posted 18 Aug 2017 11:08 PM My Price 6.00

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