[Solved] A fifteen-year 10% par-value bond with se

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A fifteen-year 10% par-value bond with semiannual coupons was purchased at a premium. The amount for amortization of premium in the 29th coupon is $18.85

A fifteen-year 10% par-value bond with semiannual coupons was purchased at a

premium. The amount for amortization of premium in the 29th coupon is $18.85 and

the amount for amortization of premium in the 27th coupon is $17.77.

(i) Find j, the effective yield rate per coupon period.

(ii) Find the amount of the premium.

(iii) Find the price of the bond

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