eather purchased a $10,000 bond that had 4% coupons and ten years to maturity. If...
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eather purchased a $10,000 bond that had 4% coupons and ten years to maturity. If the yield rate at the time of purchase was 5% compounded monthly, calculate the purchase price of the bond and the discount or premium at the time of purchase show all work please. We use the formulas PMT= FVxb
b=j/m
PV=FV(1+i)^-n
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