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Question 7 Among a company's assets and accounting records, an actuary finds a 15-year bond that was pu chased at a premium. From the records,

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Question 7 Among a company's assets and accounting records, an actuary finds a 15-year bond that was pu chased at a premium. From the records, the actuary has determined the following: . The bond pays semi-annual interest. The amount for amortization of premium in The amount for amortization of premium in the 4th coupon payment was 1,046.79. the 2nd coupon payment was 977.19. What is the value of the premium? (a) 45,739 (b) 46,739 (c) 47,739 (d) 48,739 (e) 49,739

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