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answer using texas instruments BAll plus calculator A bond has a maturity value of $800,000 payable in 8 years. These bonds have a 9% per
answer using texas instruments BAll plus calculator
A bond has a maturity value of $800,000 payable in 8 years. These bonds have a 9% per year coupon rate payable semi-annually, and the market yield was 12% per year when the bonds were purchased. Required a. Is this a discount bond or a premium bond? b. Compute the amount required to purchase this bond at the beginning of the 8-year penod Requirement a. Is this a discount bond or a premiam bond? This is a bond because the Requirement b. Compute the amount required to purchase this bond at the beginning of the 8 -year period. (Use a financial cakculator to compute the amount required to purchase the bond Enter your final answer as a positive number and round to the nearest whobe dollar ) Amiount requised to purchase bonds Step by Step Solution
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