Question: On Jan. 1 , 2 0 2 3 Philo Kvetch purchased 5 0 0 bonds @ $ 1 , 0 1 3 . 4 0

On Jan. 1,2023 Philo Kvetch purchased 500 bonds @ $1,013.40 per bond.
The new bond issue was priced such that the bonds have an yield (annual) of 4.2%
The bond (annual coupon) rate is 4.5% over the 5-year term of the bonds.
The bonds pay interest semi-annually.
On Jan. 1,2023 Philo Kvetch purchased 500 bonds @ $1,013.40 per

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