Answer to Question #38598 in Finance for phyllis kyeame

Question #38598
Compute the premium or discount on the sale of a $2,000 bond redeemable at 101.5 in four years’ time, if it is bought to yield 12%, compounded quarterly and the coupon rate is 10.75% semi-annually and What is the purchase price of the bond ?
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Expert's answer
2014-01-28T04:39:03-0500
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