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    Compute cost of US bond

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    21. You buy $5,000 par value of U.S. government 10 1/4s09 bonds at a price of 99 seventy-three days into the interest period.
    If you pay a commission to your broker of $40, how much does the trade cost you, including accrued interest?

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    Solution Summary

    This post computes the cost of a US bond, including commission and accrued interest.