Question: IMHO Inc. issues a 7 year bond with a 1.250% coupon and a $30,000,000.00 face value. The yield rate for the bond is 2.250% compounded

IMHO Inc. issues a 7 year bond with a 1.250% coupon and a $30,000,000.00 face value. The yield rate for the bond is 2.250% compounded bi-weekly.

a) What is the price of the bond initially?

b) Is the bond trading at a premium or a discount?

c) Fill out the first 3 rows of the bond amortization table.

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