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1. A 25000 $ , 7.5 % bond with quarterly interest coupons redeemable at par in 8 years is purchased to yield at 8.5 %
1. A 25000 $ , 7.5 % bond with quarterly interest coupons redeemable at par in 8 years is purchased to yield at 8.5 % compounded quarterly . (1 ) What is the premium or discount ?
(2)What is the purchase price ?
2.. In how many years will $ 12345 grow to $ 15375 at 7 % compounded quarterly ?
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Personal Finance
Authors: E Thomas Garman, Raymond E Forgue
10th Edition
143903902X, 9781439039021
