Question: A $ 2 5 0 comma 0 0 0 issue of seven - year bonds redeemable at par offers 8 . 8 6 % coupons
A $ comma issue of sevenyear bonds redeemable at par offers coupons payable quarterly. What is the premium or discount and the purchase price of the bonds to yield compounded semi dash annually question mark
Question content area bottom
Part
a The
premium
discount
is $
enter your response here.
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
Part
b The purchase price of the bond is $
enter your response here.
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