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Author Question: On May 1, James Kirby purchased 10 Oceanic Corporation bonds with a coupon rate of 9 and a current ... (Read 91 times)

Arii_bell

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on: Jun 24, 2018
On May 1, James Kirby purchased 10 Oceanic Corporation bonds with a coupon rate of 9 and a current market price of 106.375. The commission charge is 5.00 per bond. The bond pays interest on January 1 and July 1. What was the total purchase price?

Question 2

Compound interest yields considerably ___________________ _ interest than simple interest.
 Fill in the blank(s) with correct word


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vseab

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Reply #1 on: Jun 24, 2018
Answer to Question 1

10,987.50

Answer to Question 2

higher


Arii_bell

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

bbburns21

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Reply 3 on: Yesterday
Gracias!

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