Question
A $2,000 bond with semiannual coupons is redeemable for $2,100 in fifteen years. It has a coupon rate of 6.5%. The bond is purchased to
A $2,000 bond with semiannual coupons is redeemable for $2,100 in fifteen years. It has a coupon rate of 6.5%. The bond is purchased to yield 8% per annum compounded semiannually. Find the price of the bond. (Round your answers to the nearest cent.) *Answer to price of the bond is $1,771.45 Find the amount for accumulation of discount in the tenth coupon. *The answer for amount for accumilation of discount in the tenth coupon is: $8.34 Find the amount of interest in the tenth coupon payment. *The answer for amount of interest in the tenth coupon payment is: $73.34 **Please Show Work, NO excel spreadsheets please.
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