Homework Answers
1) The quoted price of the bonds is $ 6000.
2) The accrued interest is $ 66 for balance 3 months of the year
3) The cash price is difference of actual market price and face value $ 2000
| Face value of the bond | 4000 |
| Interest @ 4.4% p.a | 176 |
| Total | 4176 |
| Interest @ 4.4% for 9 months | 132 |
| Current yield | 2.20% |
| Market value of bond | 6000 |
| Interest accrued for balance 3 months | 66 |
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