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    Assume That a Bond Sells at 98 3/4 (Pays 14
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Assume That a Bond Sells at 98 3/4 (Pays 14

Question 107

Question 107

Short Answer

Assume that a bond sells at 98 3/4 (pays 14% interest). If Jorge Galves buys four bonds (assume no commission), what is the total dollar cost?

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98.75% × $...

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