Question: A bond with 1000 face value, 6.5% nominal yearly coupon rate, semiannual coupons and a redemption amount of 1100 at the end of N years

A bond with 1000 face value, 6.5% nominal yearly coupon rate, semiannual coupons and a redemption amount of 1100 at the end of N years is purchased for 1357.24 to yield a nominal rate of 4% compounded semiannually. Calculate the amount for amortization of premium in the 6th coupon.

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