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And also can you please tell is it premium or discount. Fitteen $4,000 bonds redeemable at par bearing 6% coupons payable monthly are sold six
And also can you please tell is it premium or discount. Fitteen $4,000 bonds redeemable at par bearing 6% coupons payable monthly are sold six years bofore maturity to yield 8.7% compounded annually, What is tive premium or dscount and the purchase price of the bonds? (Round the final answer to the nearest cent as needed. Round all intermedate values to six decimal places as needed.) The purchase price of the bonds is $ (Round the final answer to the nearest cent as needed. Round all intermediale values to six decimal places as needed.)
And also can you please tell is it premium or discount.
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