A $2,000,000 issue of 25 year bond redeemable at par offers 3 3 coupons payable semi annually To find the purchase price of the bond to yield 3 1 compounded quarterly, you need to answer the following questions and choose the closest answer from the possible choices following each question What is the market yield of the bond (Express in percentage with four decimal places i e , 0001 ) Answer 1Choose $216,658 910 7750 $6,9140,816 98a premium$924,164 571 5560 $2,082,739 33$1,460,005 90$2,064,988 05$2,000,000$33,0003 3000 $2,640,467 311 6500 3 1000 at parNone of thesea discount What is the coupon rate (or bond rate) of the bond (Express in percentage with four decimal places i e , 0001 ) Answer 2Choose $216,658 910 7750 $6,9140,816 98a premium$924,164 571 5560 $2,082,739 33$1,460,005 90$2,064,988 05$2,000,000$33,0003 3000 $2,640,467 311 6500 3 1000 at parNone of thesea discount Which rate over each payment interval do you use for calculating the purchase price manually using the formula approach (Express in percentage with four decimal places i e , 0001 ) Answer 3Choose $216,658 910 7750 $6,9140,816 98a premium$924,164 571 5560 $2,082,739 33$1,460,005 90$2,064,988 05$2,000,000$33,0003 3000 $2,640,467 311 6500 3 1000 at parNone of thesea discount What is the purchase price of the bond Answer 4Choose $216,658 910 7750 $6,9140,816 98a premium$924,164 571 5560 $2,082,739 33$1,460,005 90$2,064,988 05$2,000,000$33,0003 3000 $2,640,467 311 6500 3 1000 at parNone of thesea discount This is a bond selling at (choose from par, a premium, or a discount )

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A $2,000,000 issue of 25-year bond redeemable at par offers 3.3% coupons payable semi-annually. To find the purchase price of the bond to yield 3.1%

A $2,000,000 issue of 25-year bond redeemable at par offers 3.3% coupons payable semi-annually. To find the purchase price of the bond to yield 3.1% compounded quarterly, you need to answer the following questions and choose the closest answer from the possible choices following each question:

What is the market yield of the bond? (Express in percentage with four decimal places i.e., .0001%)	Answer 1Choose...$216,658.910.7750%$6,9140,816.98a premium$924,164.571.5560%$2,082,739.33$1,460,005.90$2,064,988.05$2,000,000$33,0003.3000%$2,640,467.311.6500%3.1000%at parNone of thesea discount
What is the coupon rate (or bond rate) of the bond? (Express in percentage with four decimal places i.e., .0001%)	Answer 2Choose...$216,658.910.7750%$6,9140,816.98a premium$924,164.571.5560%$2,082,739.33$1,460,005.90$2,064,988.05$2,000,000$33,0003.3000%$2,640,467.311.6500%3.1000%at parNone of thesea discount
Which rate over each payment interval do you use for calculating the purchase price manually using the formula approach? (Express in percentage with four decimal places i.e., .0001%)	Answer 3Choose...$216,658.910.7750%$6,9140,816.98a premium$924,164.571.5560%$2,082,739.33$1,460,005.90$2,064,988.05$2,000,000$33,0003.3000%$2,640,467.311.6500%3.1000%at parNone of thesea discount
What is the purchase price of the bond?	Answer 4Choose...$216,658.910.7750%$6,9140,816.98a premium$924,164.571.5560%$2,082,739.33$1,460,005.90$2,064,988.05$2,000,000$33,0003.3000%$2,640,467.311.6500%3.1000%at parNone of thesea discount
This is a bond selling at ______ (choose from "par," "a premium," or "a discount")