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please use financial calculator. A $7,500 bond had a coupon rate of 5.75% with interest paid semi-annually. Leah purchased this bond when there were 8
please use financial calculator.
A $7,500 bond had a coupon rate of 5.75% with interest paid semi-annually. Leah purchased this bond when there were 8 years left to maturity and when the market interest rate was 6.00% compounded semi-annually. She held the bond for 4 years, then sold it when the market interest rate was 5.50% compounded semi-annually. a. What was the purchase price of the bond? $0.00 Round to the nearest cent. b. What was the selling price of the bond? $0.00 Round to the nearest cent. c. What was Leah's gain or loss on this investment? (click to select) "amount was $ H | | |Step by Step Solution
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