Martha purchased a $900 bond on November 19, 2025 when the yield-to-maturity was 5.45% compounded semi-annually. The bond had a coupon rate of 5.70% and was redeemable on December 31, 2029. What was the purchase price of the bond? What was the amount of discount or premium on the bond?

Answer rating: 100% (QA)

The purchase price of the bond was 900 which is already stated in the problem To determine the amoun... View the full answer