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6. (6 pts) Among a company's assets and accounting records, an actuary finds a 15-year bond that was purchased at a premium with redemption value
6. (6 pts) Among a company's assets and accounting records, an actuary finds a 15-year bond that was purchased at a premium with redemption value of 1,000,000. From the records, the actuary has determined the following: The bond pays annual coupons. The amount for amortization of the premium in the 3rd coupon payment was 977.19. . The amount for amortization of the premium in the 5th coupon payment was 1046.79. What is the base amount of the bond? CS Scanned with CamScanner
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