Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a fifteen-year bond, which was purchased at a prem

A fifteen-year bond, which was purchased at a premium, has semiannual coupons. The amount for...

70.2K

Verified Solution

Question

Finance

image

A fifteen-year bond, which was purchased at a premium, has semiannual coupons. The amount for amortization of the premium in the second coupon is $969.23 and the amount for amortization of premium in the fourth coupon is $1,051.77. Find the amount of the premium. (Round your answer to the nearest cent.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Which statement is FALSE of the genetic code? a) it contains a list of codons and...

Civil Engineering
1.2K views

Q2 d) An advantage of timber is that members can be easily connected together, outline the...

General Management
1.2K views

Project Title: Development of pre-employment selection testing for entry-level Retail Salespersons in retail clothing stores. Scope of Project:...

Biology
1.2K views

What allows enormous lengths of DNA to be folded inside the nucleus and from prevents...

Physics
1.2K views

What is occurring when a light wave goes through a pane of glass in a...

Calculus
1.2K views

Graph the following line Also give the a x intercept if any b y intercept...

Accounting
1.2K views

Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88-HX are...

Accounting
1.2K views

2. Professional Properties is considering remodeling the office building it leases to Heartland Insurance. The...

Accounting
1.2K views

government wide finencial statements Which fond statements of a city govenmert soold he prepared uning...

Accounting
1.2K views

A point plotted outside the curve of a PPC means what? Question 15 Explain externalities

Finance
1.2K views

You just borrowed 90574 and are charged a simple interest rate of 0.1. How much...

Finance
1.2K views

If you get a lease with a $10.00/sf expense stop the total reimbursement a year...