A 40-year bond is purchased at a discount. The bond pays annual coupons. The amount for accumulation
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Question:
A 40-year bond is purchased at a discount. The bond pays annual coupons. The amount for accumulation of discount in the 15th coupon is 194.82. The amount for accumulation of discount in the 20th coupon is 306.69. Calculate the amount of discount in the purchase price of this bond.
(A) 13,635
(B) 13,834
(C) 16,098
(D) 19,301
(E) 21,135
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0134141084
11th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
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