Calculate the Accrued Interest Per Bond and the Total Proceeds $\quad$

question 129

Short Answer

Calculate the accrued interest per bond and the total proceeds of the following bond sale, rounding each number to the nearest cent. $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Time since }$
$$\begin{array}{l}\begin{array} { l l l l l l l l } & \text { Coupon } & \text { Market } & \text { Last } & \text { Accrued } & \text { Commission Per}& \text { Bonds } & \text { Total } \\\text { Company } & \text { Rate } & \text { Price } & \text { Interest } & \text { Interest } & \text { Bond } & \text { Purchased } & \text { Froceeds } \\\text { Nice Nanny } &7.125 & 88.375 & 46 \text { days } & & \$ 7.50 & 16 &\end{array}\end{array}$$

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