Question
A $6600 bond bearing interest at 5.5% payable semi-annually is due in 7 years. Money is worth 6.3% compounded semi-annually. What is the bond rate?
A $6600 bond bearing interest at 5.5% payable semi-annually is due in 7 years. Money is worth 6.3% compounded semi-annually.
What is the bond rate?
a.
6.3% compounded semi-annually
b.
5.5% payable semi-annually
A $6600 bond bearing interest at 5.5% payable semi-annually is due in 7 years. Money is worth 6.3% compounded semi-annually.
What is the size of the coupon?
a.$363.00
b.$415.80
c.$181.50
d.$207.90
A $6600 bond bearing interest at 5.5% payable semi-annually is due in 7 years. Money is worth 6.3% compounded semi-annually.
What is the number of coupon payments?
a.28
b.6
c.7
d.14
A $6600 bond bearing interest at 5.5% payable semi-annually is due in 7 years. Money is worth 6.3% compounded semi-annually.
If the bond is purchased now, what is the purchase price?
a.$2029.43
b.$6903.36
c.$6304.81
d.$6803.21
A $6600 bond bearing interest at 5.5% payable semi-annually is due in 7 years. Money is worth 6.3% compounded semi-annually.
What is the amount of the premium/discount?
a.Premium = $295.19
b.Discount = $295.19
c.Premium = $137.21
d.Discount = $137.21
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