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Homework: Ch 15 Homework Question 8, 15.3.A.2 Part 3 of 6 HW Score: 60.66%, 22.44 of 37 points Save Points: 0 of 6 A
Homework: Ch 15 Homework Question 8, 15.3.A.2 Part 3 of 6 HW Score: 60.66%, 22.44 of 37 points Save Points: 0 of 6 A $21,000 bond with interest at 5.4% payable semi-annually and redeemable at par is bought two years before maturity to yield 9.1% compounded semi-annually. Compute the premium or discount and the purchase price, and construct the appropriate bond schedule The discount is $ 1,392.12 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.). The purchase price of the bond is $ 19607 88 (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed.) Calculate the schedule. Round each answer to the nearest cent End of Interest Payment Interval 0 1 Bond Interest Received (Coupon) b=2.7% Interest on Book Value Amount of at Yield Rate Discount Accumulated Book Value Remaining Discount of Bond 1=4.55% 19,607 88 1,392.12 567.00 4
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