Tristan Sandino sold a 4.85%, $1,000 bond 80 days after he had received the last interest payment. What does the person who buys this bond owe Tristan in interest in addition to the price of the bond?

Tristan Sandino sold a 4.85%, $1,000 bond 80 days after he had received the last interest payment. What does the person who buys this bond owe Tristan in interest in addition to the price of the bond?

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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