It is sold after 45 months for 995 find the accrued, Financial Management

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It is sold after 45 months for 995 find the accrued

A $1,000 seven-year 6% bond with semiannual coupons is redeemable for $1,065. It was originally purchased at issue for $970. It is sold after 45 months for $995. Find the accrued interest by the practical method and again by the theoretical method.

Please you formulas and no Excel. Show all steps please.

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Financial Management: It is sold after 45 months for 995 find the accrued

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