A $1300 bond bearing interest at 3.2% payable semi-annually is due in 13 years. Money is worth 7.1% compounded semi-annually. If the bond is purchased now, what is the purchase price? a. $349.36 b. $1709.75 c. $1835.75 d. $874.22

A $4200, 9.2% bond with semi-annual coupons redeemable at par in 7 years was purchased at 98.1. What is the average income per interest payment interval?

a. $187.50 b.$198.90 c.$196.05 d.$79.80

A $4100, 6.9% bond with semi-annual coupons redeemable at par in 5 years was purchased at 100.7. What is the approximate yield rate?

a. 14.3476% b.3.3682% c. 6.7364% d. 28.6952%