A 25-year bond issue of 5,900,000 and bearing interest at 6.5% payable annually is sold to yield 6.65% compounded semi-annually. What is the issue price of the bonds? The purchase price of the bond is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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- A 25-year bond issue of 4,800,000 and bearing interest at 3% payable annually is sold to yield 2.6% compounded semi-annually. What is the issue price of the bonds? The purchase price of the bond is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)A $90,000 bond bearing interest at 3% payable annually is bought nine years before maturity to yield 3.75% compounded semi-annually. If the bond is redeemable at par, what is the purchase price? The purchase price of the bond is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)A $1000, 8.5% bond with interest payable annually is purchased six years before maturity to yield 10.5% compounded annually. Compute the premium or discount and the purchase price, and construct the appropriate bond schedule. The purchase price of the bond is $ 914. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Construct the bond schedule. (Round to the nearest cent as needed. Do not include the $ symbol in your answers.) Schedule of Accumulation of Discount Payment Coupon interval 0123 *** Interest on book Discount accumulated Book value Discount balance
- For a three year bond of $2,600 at a simple interest rate of 11% per year, find the semiannual interest payment and the total interest earned over the life of the bond. The semiannual interest on the bond is $ 143. (Simplify your answer. Type an integer or a decimal. Round to the nearest cent as needed.) The total interest on the bond is $ (Simplify your answer. Type an integer or a decimal. Round to the nearest cent as needed.)A $27,000, 6% bond redeemable at par with interest payable annually is bought 12.5 years before maturity. Determine the premium or discount and the purchase price of the bond if the bond is purchased to yield (a) 7% compounded annually; (b) 5% compounded annually. (a) The is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)A $26,000 bond with interest at 5.5% payable semi-annually and redeemable at par is bought two years before maturity to yield 9.2% compounded semi-annually. Compute the premium or discount and the purchase price, and construct the appropriate bond schedule. The is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
- Compute the specified quantity. A 7 year bond costs $30,000 and will pay a total of $3,600 in interest over its lifetime. What is its annual interest rate r (as a percent)? (Round your answer to three decimal places.)A $26,000 bond with interest at 5.5% payable semi-annually and redeemable at par is bought two years before maturity to yield 5.8% compounded semi-annually. Compute the premium or discount and the purchase price, and construct the appropriate bond schedule. The is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) hCompute the specified quantity. A 7 year bond costs $30,000 and will pay a total of $2,000 in interest over its lifetime. What is its annual interest rate r (as a percent)? (Round your answer to three decimal places.) r =
- For a one year bond of $2,600 at a simple interest rate of 11% per year, find the semiannual interest payment and the total interest earned over the life of the bond. The semiannual interest on the bond is $ (Simplify your answer. Type an integer or a decimal. Round to the nearest cent as needed.) The total interest on the bond is $ (Simplify your answer. Type an integer or a decimal. Round to the nearest cent as needed.)A S25,000,7% bond redeemable at par with interest payable annually is bought 5.5 years before maturity. Determine the premium or discount and the purchase price of the bond if the bond is purchased to yield (a) 8% compounded annually : b)6% compounded annually The (Round the final answer to the nearest cent as neededRound all intermediate values to six decimal places as needed.)$22,000, 5.4% bond redeemable at par is purchased 9.5 years before maturity to yield 5.1% compounded semi-annually. If the bond interest is payable semi-annually, what is the purchase price of the bond? The purchase price of the bond is § (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)