Nine $1000, 8% bonds with interest payable semi-annually and redeemable at par are purchased ten years before maturity.

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Nine 1000 8 Bonds With Interest Payable Semi Annually And Redeemable At Par Are Purchased Ten Years Before Maturity 1 (25.52 KiB) Viewed 45 times

Nine $1000, 8% bonds with interest payable semi-annually and redeemable at par are purchased ten years before maturity. Calcula the purchase price if the bonds are bought to yield (a) 6%; (b) 8%; (c) 10% (a) The premium/discount is $85.84, and the purchase price is $ (Round the final answers to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)