A 15-year bond was purchased at a premium and pays semiannual interest Additionally the amount for amortization of the premium in the 5th coupon payment was 3324 while the amount for amortization of the discount in the 8th coupon payment was 3567. What is the value of the premium i.e. the amount?

Answer rating: 100% (QA)

Griven n 30 semiannual pay ment for 15 years PA5 3324 PACO 3567 Sinc... View the full answer