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A $5,000,000 issue of 10-year bond redeemable at par offers 7.5% coupons payable semi-annually. To find the purchase price of the bond to yield 8.3%

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A $5,000,000 issue of 10-year bond redeemable at par offers 7.5% coupons payable semi-annually. To find the purchase price of the bond to yield 8.3% compounded monthly, 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 ie, 000196) Choose Choose What is the coupon rate for bond rate) of the bond? (Express in percentage with four decimal placesie 0001%) 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 le 0001%) What is the purchase price of the bond? This is a bond selling at (choose from a premium or a discount Choose Choose Choose Choose... a discount 0.6917% 7.5000% $4,959,163.88 a premium $312,240.46 $5,000,000 at par $66,632,674.83 $2,186,484.85 $4,685,210.15 4.2224% $187,500 8.3000% nase None of these ne po 3.7500% $5,235,623.83 $4,731,768.30

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