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A $3,500 bond pays interest at 5% compounded semi-annually. The bond is redeemable in 1 year 6 months and is purchased to yield 4%. Find
A $3,500 bond pays interest at 5% compounded semi-annually. The bond is redeemable in 1 year 6 months and is purchased to yield 4%.
- Find the purchase price of the bond.
- Calculate the premium or discount.
- Construct the appropriate bond schedule, including the totals for Bond Interest, Interest on Book Value at Yield, and Premium Amortized or Discount Accumulated.
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti
11th Edition
1032241829, 978-1032241821
