Question: (10 marks) IMHO Inc. issues a 21 year bond with a 4.000% coupon and a $95,000,000.00 face value. The yield rate for the bond is

(10 marks) IMHO Inc. issues a 21 year bond with a

(10 marks) IMHO Inc. issues a 21 year bond with a 4.000% coupon and a $95,000,000.00 face value. The yield rate for the bond is 9.500% compounded semi-annually. a) What is the price of the bond initially? b) Is the bond trading at a premium or a discount? c) Fill out the first 3 rows of the bond amortization table

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love of humour, often as a device to lighten the occasion;

orderliness, patience and seeing a task through;

well defined status and roles (class distinctions);