www.mmaurairoyears? How 9. A $15000, 7.5% bond with semi-annual coupons redeemable at par in 7 years is purchased at 101.5. What is the approximate yield rate? 10. How long does it take for money to double at 7% compounded quarterly? 10. How long does it take for money to double at 7% compounded quarterly? 11. A $2000 bond bearing interest at 7% payable semi-annually matures in 8 years. If it is bought to yield 5.5% compounded semi-annually, what is the purchase price of the bond? 7. A company issues 3000 bond certificates with a face value of $1000 each that mature in 10 years. Interest on the bonds is 6.5% payable annually. What is the issue price of the bonds if the bonds are sold to yield 5.5% compounded quarterly