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 $665.23. Exactly one year ago, the amount for amortization of the premium was $621.00. Based on the relation between subsequent amounts for amortization of the principal, what was the original value of the premium? Problem #3: Answer correct to 2 decimals. Just Save Your work has been saved! (Back to Admin Page) Submit Problem #3 for Grading Attempt #1 Attempt #2 Attempt #3 Attempt #4 Attempt #5 Problem #3 Your Answer: Your Mark: 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 $665.23. Exactly one year ago, the amount for amortization of the premium was $621.00. Based on the relation between subsequent amounts for amortization of the principal, what was the original value of the premium? Problem #3: Answer correct to 2 decimals. Just Save Your work has been saved! (Back to Admin Page) Submit Problem #3 for Grading Attempt #1 Attempt #2 Attempt #3 Attempt #4 Attempt #5 Problem #3 Your Answer: Your Mark