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

question 128

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$$\text {Time}$
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text {since}$
$\begin{array} { l l l l l l l l } & \text { Coupon}&\text { Market } & \text { Last } & \text { Accrued } & \text { Commission Per } & \text { Bonds } & \text { Total } \\ \text { Company } & \text { Rate } & \text { Price } & \text { Interest } & \text { Interest } & \underline { \text { Bond } } & \text { Purchased } & \text { Proceeds } \\ \text { Gina's Shop }& 6.50& 86 & 3 \text { months } & & \$ 6.00 & 10 & \end{array}$

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