Question: Please answer it in 1 hour, dont copy others answer, make sure your handwriting is easy to read, or just type the answer Write explanation

Please answer it in 1 hour, dont copy others answer, make sure your handwriting is easy to read, or just type the answer

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Please answer it in 1 hour, dont copy others answer, make sure

A 10% bond with semiannual coupons has a face amount of 100 and was issued on January 15 , 2010. The first coupon was paid on July 15, 2010, and the bond has a maturity date of January 15,2030 . The yield rate is i(2)=6% Note: for all intermediate calculations involving an, use at least 6 decimal places of accuracy. (a) Find the price of the bond on its issue date. Leave your answer to the nearest cent. (b) Is the bond bought at a discount or at a premium? Briefly explain your

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