Question: This is the only data that is given. answer: $ 14.66 Please show all steps (4)A $3,000 par-value bond with 6% annual coupons is purchased

This is the only data that is given. answer: $ 14.66

This is the only data that is given.

answer: $ 14.66 Please show all steps

(4)A $3,000 par-value bond with 6% annual coupons is purchased at a premium / ten years prior to its maturity date. The proceeds of the coupons are invested in a savings account with a 4% annual effective rate of interest. The annual effective yield on the ten-year investment (including the bond and the savings account) is 5%. What is the amount for amortization of premium in the third coupon the investor receives

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