A $9,500 bond that carries a 3.00% coupon rate payable semi-annually is purchased 5 years before maturity when the yield rate was 4.50% compounded semi-annually. a. Calculate the purchase price of the bond. $ $0.00 Round to the nearest cent b. What is the amount of discount or premium on the bond?

Answer rating: 100% (QA)

a Purchase price of the bond The bonds coupon payment is 003 The bond has ... View the full answer