Find the total proceeds (in $) from the sale of 20 bonds with a coupon rate of 6.25 and a current price of 96.975. (Round your answer to the nearest cent.) The commission charge is $4.00 per bond. The date of the transaction is 145 days since the last interest payment. $

Find the total proceeds (in $) from the sale of 20 bonds with a coupon rate of 6.25 and a current price of 96.975. (Round your answer to the nearest cent.) The commission charge is $4.00 per bond. The date of the transaction is 145 days since the last interest payment. $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Find the total proceeds (in $) from the sale of 20 bonds with a coupon rate of 6.25 and a current price of 96.975. (Round your answer to the nearest cent.)

The commission charge is $4.00 per bond. The date of the transaction is 145 days since the last interest payment.

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