You purchased a $20,000 bond when there was 17 years to maturity. The bond has a coupon rate of 4.48 %. At the time of purchase the yield to maturity was 2.98%. How much did you pay for the bond? Enter your answer in blank #1. (Round) your answer to 2 decimal places and include the $ sign. Enter your answer in the form $1,234.56.) • Was the bond purchased at a premium or a discount? Enter "premium" or "discount" in blank #2. • What was the amount of premium or discount on the bond? Enter your answer in blank #3. (Round your answer to 2 decimal places and include the $ sign. Enter your answer in the form $1,234.56.) Blank #1 Blank #2 Blank # 3
You purchased a $20,000 bond when there was 17 years to maturity. The bond has a coupon rate of 4.48 %. At the time of purchase the yield to maturity was 2.98%. How much did you pay for the bond? Enter your answer in blank #1. (Round) your answer to 2 decimal places and include the $ sign. Enter your answer in the form $1,234.56.) • Was the bond purchased at a premium or a discount? Enter "premium" or "discount" in blank #2. • What was the amount of premium or discount on the bond? Enter your answer in blank #3. (Round your answer to 2 decimal places and include the $ sign. Enter your answer in the form $1,234.56.) Blank #1 Blank #2 Blank # 3
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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