← back to the Substrate Record

qid 484 · business

Question: What was the cost, including accrued interest, of three $1,000 bonds bearing 6% interest payable January 1 and July 1 and purchased on August 30 at 102. Assume a brokerage fee of $5 a bond.

  1. $3,090
  2. $3,045
  3. $3,105
  4. $3,120
  5. $3,060
  6. $3,000
  7. $3,075
  8. $3,030
  9. $3,180
  10. $3,150

Our answer: C. $3,105 Source quote machine-checked (exact quote)

A machine check confirms the quoted words appear at the source. A person has not yet reviewed these. EARN MARKS as a Human Reviewer

How it was answered

Stored formula / worked method, replayed by code

Bond dirty price and accrued interest settlement calculation problem

card: formula · card sha256 22434b6cbe602af2…

Current source

Investopedia, "Accrued Interest"

https://www.investopedia.com/terms/a/accruedinterest.asp

“Accrued interest also refers to the amount of bond interest that’s accumulated since the last time a bond interest payment was made.”

Source quote machine-checked (exact quote)

retrieved 2026-09-18T02:02:05.212Z

page text sha256 504d80153f77ba1a… · content sha256 7b37fce25942c725…

addendum formula_qid484.formula_ADDENDUM_source_rs20260918T020205Z · sha256 f54ac71bbafadc04… · replaces the version below, addendum sha256 c73e9beab1826baa…

Earlier version (superseded)

https://www.investopedia.com/terms/a/accruedinterest.asp

Source weak (http_get_200_text_and_question_terms)

retrieved 2026-09-17T00:31:50.121Z

page text sha256 18b9ab0ce8d7c752… · content sha256

addendum formula_qid484.formula_ADDENDUM_source_relabel_unverified20260917T012453Z · sha256 c73e9beab1826baa… · replaces the version below, addendum sha256 e4d29b3cabd320df…

Earlier version (superseded)

https://www.investopedia.com/terms/a/accruedinterest.asp

Source weak (http_get_200_text_and_question_terms)

retrieved 2026-09-17T00:31:50.121Z

page text sha256 18b9ab0ce8d7c752… · content sha256

addendum formula_qid484.formula_ADDENDUM_source_bf20260917T003150Z · sha256 e4d29b3cabd320df… · replaces the version below, addendum sha256 6001992b85bf69d3…

Earlier version (superseded)

No public source has been found for this card yet (4 places checked internally).

addendum formula_qid484.formula_ADDENDUM_source · sha256 6001992b85bf69d3…

If you have a Citable Source to dispute or challenge this, ADD IT so we can correct the answer by appending, never deleting. — hello@lianabanyan.com