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Problem #3: There is a bond on a company's books with an original term of 10 years that was purchased for a premium at its issuance, just over 2 years ago. The bond pays semi-annual interest. With the receipt of the latest coupon, the corresponding amount for amortization of the premium was $365.07. Exactly one year ago, the amount for amortization of the premium was S348.16. Based on the relation between subsequent amounts for amortization of the principal, what was the original value of the premium? Answer correct to 2 decimals. Problem #38598.05 Correct Answer: 8 598.05 Your Mark: 2/2