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B) to choose is Premium /par /discount Question 6 of 6 Alicia purchased a $2,000 bond that was paying a 5.60% coupon rate and had
B) to choose is Premium /par /discount
Question 6 of 6 Alicia purchased a $2,000 bond that was paying a 5.60% coupon rate and had 7 more years to mature. The yield at the time of purchase was 6.40% compounded semi-annually. Full solutions should be shown on separate sheets of paper. Submit your solutions. a. How much did Alicia pay for the bond? $0.00 Round to the nearest cent b. What was the amount of premium or discount on the bond? amount is $0.00 Round to the nearest centStep by Step Solution
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