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Calculate the Accrued Interest Per Bond and the Total Purchase \quad

question 6

Short Answer

Calculate the accrued interest per bond and the total purchase price of the following bond purchase, rounding each number to the nearest cent. \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad  Time since \text { Time since }
 Coupon  Market  Last  Accrued  Commission Per  Bonds  Total  Company  Rate  Price  Interest  Interest  Bond  Purchased  Price  Friend Dist 9.50110.37520 days $5.0012\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 { Price } \\\text { Friend Dist } 9.50 & 110.375 & 20 \text { days } & & \$ 5.00 & 12 &\end{array}\end{array}

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Definitions:

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A payment or gift given with the intention to influence the actions of the recipient in a way that is dishonest or unethical.

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Socially accepted rules or behaviors that dictate what is considered appropriate or standard within a group or society.

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