Question
A fifteen-year par-valued bond with annual coupons was purchased at a premium. The amount for amortization of the premium in the second coupon is $13.22,
A fifteen-year par-valued bond with annual coupons was purchased at a premium. The amount for amortization of the premium in the second coupon is $13.22, and the amount for amortization of premium in the sixth coupon is $14.88. Find the amount of the premium.
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The Complete Personal Finance Handbook
Authors: Teri B Clark
1st Edition
160138047X, 978-1601380470
