Saved Question 1 (7 points) Listen A $2,500 bond pays interest at 4% compounded semi-annually. The bond is redeemable in 1 year 6 months, and is purchased to yield 7%. 1. Find the purchase price of the bond. 2. Calculate the premium or discount. 3. Construct the appropriate bond schedule, including the totals for Bond Interest, Interest on Book Value at Yield, and Premium Amortized or Discount Accumulated. Paragraph BI UA ! + V . O 1. Find the purchase price of the bond. PMT Setting N I/Y P/Y C/Y PV PMT FV 2. Calculate the premium or discount. 3. Construct the appropriate bond schedule, including the totals for Bond Interest, Interest on Book Value at Yield, and Premium Amortized or Discount Accumulated. Payment Bond Interval Interest Interest on Book Value at Yield Premium Remaining Amortized Book Premium or Discount Value Accumulated Discount or