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A 30-year bond that pays annual coupons is purchased at a discount. The accumulation of discount in the 12th coupon is 194.49. The accumulation of

A 30-year bond that pays annual coupons is purchased at a discount.

The accumulation of discount in the 12th coupon is 194.49. The accumulation of discount in the 29 ^ (th) coupon is 841.68.

Calculate the amount of discount in the purchase price of the bond.

A 9,076

B 9,475

C 9,875

D 10,274

E 10,673

please Introduction

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