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Question 1 Leann just sold a $10,000 par value bond for $9,800. The bond interest rate was 7% per year payable quarterly. Leann owned the
Question 1 Leann just sold a $10,000 par value bond for $9,800. The bond interest rate was 7% per year payable quarterly. Leann owned the bond for 3 years. The 1st interest payment she received was 3 months after she bought the bond. She sold it immediately after receiving her 12th interest payment. Leann's yield on the bond was 12% per year compounded quarterly. Determine the price she paid when she purchased the bond.$ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is 5. Click here to access the TVM Factor Table Calculator Click if you would like to Show Work for this question: LINK TO TEXT LINK TO VIDEO
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