A customer purchases 3M of Chicago Water Authority 5% revenue bonds maturing in 2039 at 87. The interest payment dates are Mar 15th and Sept 15th. The trade took place on Monday, Apr 14th. How much will the customer pay for the bonds, excluding commissions and accrued interest?A. $870
B. $2,610
C. $3,000
D. $4,350
Answers: 1
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A customer purchases 3M of Chicago Water Authority 5% revenue bonds maturing in 2039 at 87. The inte...
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