Actuarial Finance Question 14

A $100 bond with semiannual coupons, redeemable for $105 in 12 years, is purchased to yield 4% per annum compounded semiannually. If the amount for amortization of premium (write-down) in the first coupon is $.60, what is the book value just after the 8th coupon is due? A $100 bond with semiannual coupons, redeemable for $105 in 12 years, is purchased to yield 4% per annum compounded semiannually. If the amount for amortization of premium (write-down) in the first coupon is $.60, what is the book value just after the 8th coupon is due