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An $8000 Bond Pays Semi-Annual Coupons of $380 Every April

question 21

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An $8000 bond pays semi-annual coupons of $380 every April 15 and October 15.The bond is bought on August 15 for a full price of $8214.79.What is the quoted price per $100,q?

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Definitions:

Consumer Spending

The total amount of money spent by consumers in an economy on goods and services.

Line Chart

Chart that illustrates trends over time or plots the relationship of two or more variables.

Organization Chart

Diagram that illustrates the positions, units, or functions of an organization and their relationships.

Pictogram

A symbol or image that represents an object, action, or concept, used for communication through visual means.

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