Q2

A $7,000 bond that carries a 3.50% coupon rate payable semi-annually is purchase years before maturity when the yield rate was 5.00% compounded semi-annually. a. Calculate the purchase price of the bond. $ Round to the nearest cent b. What is the amount of discount or premium on the bond? amount is Round to the nearest cent Round to the nearest cent b. What is the amount of discount or premium on the bond? (click to select) Premium Discount Par A $7,000 bond that carries a 3.50% coupon rate payable semi-annually is purchase years before maturity when the yield rate was 5.00% compounded semi-annually. a. Calculate the purchase price of the bond. $ Round to the nearest cent b. What is the amount of discount or premium on the bond? amount is Round to the nearest cent Round to the nearest cent b. What is the amount of discount or premium on the bond? (click to select) Premium Discount Par