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Question 1 of 4 Benjamin purchased a $3,000 bond that was paying a coupon rate of 4.50% compounded semi-annually and had 7 more years to
Question 1 of 4 Benjamin purchased a $3,000 bond that was paying a coupon rate of 4.50% compounded semi-annually and had 7 more years to mature. The yield at the time of purchase was 6.50% compounded semi-annually. a. How much did Benjamin pay for the bond? $0.00 Round to the nearest cent b. What was the amount of premium or discount on the bond? amount was $0.00 Round to the nearest cent Question 2 of 4 A bond with a $1,600 face value and 15 years remaining until maturity pays a coupon rate of 7.25% compounded semi- annually. Calculate the yield to maturity if the bond is priced at $1,280. 0.00 % Round to two decimal places
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