Question
A fifteen-year bond, which was purchased at a premium, has semiannual coupons. The amount for amortization of the premium in the second coupon is $964.21
A fifteen-year bond, which was purchased at a premium, has semiannual coupons. The amount for amortization of the premium in the second coupon is $964.21 and the amount for amortization of premium in the fourth coupon is $1,056.77. Find the amount of the premium. (Round your answer to the nearest cent.)
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The Principles Of Project Finance
Authors: Rod Morrison
1st Edition
1409439828, 9781409439820
