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Web23 Feb 2024 · (1) City Y sold a $10,000,000 new issue of municipal bonds on August 15. The bonds were dated June 1 and settled on September 15. The interest rate on the bonds was 4 percent. On settlement date accrued interest paid by underwriter = .04 X $10,000,000 X 104 360 (2) Ms. Smith bought $100,000 of municipal bonds in the secondary market. The … http://www-personal.umich.edu/~steiss/page69.html great eastern wine week
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