Question
A $9,000 bond that carries a 3.50% coupon rate payable semi-annually is purchased 6 years before maturity when the yield rate was 5.00% compounded semi-annually.
A $9,000 bond that carries a 3.50% coupon rate payable semi-annually is purchased 6 years before maturity when the yield rate was 5.00% compounded semi-annually.
a. Calculate the purchase price of the bond.
$
Round to the nearest cent
b. What is the amount of discount or premium on the bond?
(click to select)PremiumDiscountPar
amount is
Round to the nearest cent
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Dave Ramseys Complete Guide To Money
Authors: Dave Ramsey
1st Edition
1937077209, 978-1937077204
