Question: all 3 solve on notebook clearly 7. A company issues 10 bond certificates with a face value of $5000 each that mature in 12 years.

 all 3 solve on notebook clearly 7. A company issues 10 all 3 solve on notebook clearly

7. A company issues 10 bond certificates with a face value of $5000 each that mature in 12 years. Interest on the bonds is 7.5% payable semi-annually. What is the issue price of the bonds if the bonds are sold to yield 6.5% compounded semi-annually? 8. A deposit of $11000 earns interest at 8.5% p.a. compounded quarterly. After two-and-a-half years, the interest rate is changed to 5% compounded monthly. How much is the account worth after 6 years? 9. A $15320, 8% bond with semi-annual coupons redeemable at par in 5 years is purchased at 102.5. What is the approximate yield rate

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