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Sara purchases a 3-year bond with a par value of $100,8% annual coupons, and redeemable at $108. The annual effective yield rate is 4%. Find

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Sara purchases a 3-year bond with a par value of $100,8% annual coupons, and redeemable at $108. The annual effective yield rate is 4%. Find the amount for amortization of premium or the write down in the 2nd coupon. Possible Answers A 3.16 B 3.40 3.54 D 3.68 E 3.70

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