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try to show steps on paper Alexandra purchased a $3,500 bond that was paying a 5.75% compounded semi- annually coupon rate and had 5 more
try to show steps on paper
Alexandra purchased a $3,500 bond that was paying a 5.75% compounded semi- annually coupon rate and had 5 more years to maturity. The yield rate at the time of purchase was 6.75% compounded semi-annually. a. How much did Alexandra pay for the bond? $0.00 Round to the nearest cent b. What was the amount of premium or discount on the bond? amount is $0.00 Round to the nearest cent
try to show steps on paper
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