Question: I need help with this problem please indicate your full solution. Thank you. Ronald purchased a $4,500 bond that was paying a coupon rate of

you. Ronald purchased a $4,500 bond that was paying a coupon rate I need help with this problem please indicate your full solution. Thank you.

Ronald purchased a $4,500 bond that was paying a coupon rate of 6.30% compounded semi-annually and had 5 more years to mature. The yield at the time of purchase was 5.80\% compounded semi-annually. a. How much did Ronald pay for the bond? Round to the nearest cent . What was the amount of premium or discount on the bond? amount was Round to the nearest cent

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