Question: please show all steps Problem #3: There is a bond on a company's books with an original term of 10 years that was purchased for

please show all steps Problem #3: There is a bond on a please show all steps

Problem #3: There is a bond on a company's books with an original term of 10 years that was purchased for a premium at its issuance, just over 2 years ago. The bond pays semi-annual interest. With the receipt of the latest coupon, the corresponding amount for amortization of the premium was $563.27. Exactly one year ago, the amount for amortization of the premium was $534.04. Based on the relation between subsequent amounts for amortization of the principal, what was the original value of the premium? Problem #3: Answer correct to 2 decimals. Just Save Submit Problem #3 for Grading Attempt #4 | Attempt #5 Problem #3 | Attempt #1 | Attempt #2 | Your Answer: 292.30 13603.46 Your Mark: 0/2x 0/2x Attempt #3 13599.45 0/2x Problem #3: There is a bond on a company's books with an original term of 10 years that was purchased for a premium at its issuance, just over 2 years ago. The bond pays semi-annual interest. With the receipt of the latest coupon, the corresponding amount for amortization of the premium was $563.27. Exactly one year ago, the amount for amortization of the premium was $534.04. Based on the relation between subsequent amounts for amortization of the principal, what was the original value of the premium? Problem #3: Answer correct to 2 decimals. Just Save Submit Problem #3 for Grading Attempt #4 | Attempt #5 Problem #3 | Attempt #1 | Attempt #2 | Your Answer: 292.30 13603.46 Your Mark: 0/2x 0/2x Attempt #3 13599.45 0/2x

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