Question: please help me answer this question asap. also please make sure the answers is correct. thanks Cassandra purchased a $3,000 bond that was paying a
Cassandra purchased a $3,000 bond that was paying a 6.30% coupon rate and had 4 more years to mature. The yield at the time of purchase was 5.50% compounded semiannually. a. How much did Cassandra pay for the bond? Round to the nearest cent b. What was the amount of premium or discount on the bond? amount is Round to the nearest cent
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