I need help solving these problems and how to know which bond is selling at...
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I need help solving these problems and how to know which bond is selling at PAR/ Premium/ Discount
5) a) If the market rate of interest is 6%, what is the price of a 3-year bond with a $1000 par value has a coupon rate of 6.00%, paying annually. PV = RATE = NPER= PMT= FV= F b) This is bond is selling at: PAR / PREMIUM / DISCOUNT (highlight best answer) PI Ra 6) a) If the market rate of interest is 6%, what is the price of a 4-year bond with a $1000 par value has a coupon rate of 5.00%, paying semiannually. Nip d 5 PV = Rate NPER PMT FV I Pm 80 ath b) This is bond is selling at: PAR / PREMIUM / DISCOUNT (highlight best answer)
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