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could you use basic formula, discount formula, and premium formula? at least mathematical calculating not excel Question 3 A 40 year bond with a par

image text in transcribedcould you use basic formula, discount formula, and premium formula? at least mathematical calculating not excel

Question 3 A 40 year bond with a par value of 5000 is redeemable at par and pays semi-annual coupons at a rate of 7% convertible semi-annually. The bond is purchased to yield annual effective rate of 6%. Calculate the amortization of the premium in the 61st coupon. Hint: 15.18

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