please show workings clearly Question 12 of 13 Martha purchased a $1,100 bond on...
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please show workings clearly
Question 12 of 13 Martha purchased a $1,100 bond on November 19, 2025 when the yield-to-maturity was 4.85% compounded semi-annually. The bond had a coupon rate of 5.60% and was redeemable on December 31, 2029. Please include a well-labelled timeline diagram. Full solutions should be shown on separate sheets of paper. Submit your solutions. SUBMIT QUESTION > separate sheets of paper. Submit your solutions. a. What was the purchase price of the bond? Round to the nearest cent. b. What was the amount of discount or premium on the bond? SUBMIT QUESTION Round to the nearest cent. b. What was the amount of discount or premium on the bond? Round to the nearest cent. SUBMIT QUESTION Nominal interest rate compounded quarterly that is equivalent to an effective rate of 4.5%
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