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Answer part a and b Amanda purchased a $10,000 bond that was paying a 6.75% compounded semi- annually coupon rate and had 6 more years
Answer part a and b
Amanda purchased a $10,000 bond that was paying a 6.75% compounded semi- annually coupon rate and had 6 more years to maturity. The yield rate at the time of purchase was 7.75% compounded semi-annually. a. How much did Amanda pay for the bond? Round to the nearest cent b. What was the amount of premium or discount on the bond? (click to select) V amount is Round to the nearest centStep by Step Solution
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