1. A $9,000 bond that carries a 3.00% coupon rate payable semi-annually is purchased 8 years before maturity when the yield rate was 4.50% compounded semi-annually. a. Calculate the purchase price of the bond. $ $0.00 Round to the nearest cent b. What is the amount of discount or premium on the bond? amount is $ $0.00.
2. Thomas purchased a $1,500 bond that was paying a coupon rate of 5.70% compounded semi-annually and had 6 more years to mature. The yield at the time of purchase was 6.40% compounded semi-annually. a. How much did Thomas pay for the bond? $0.00 Round to the nearest cent b. What was the premium or discount on the bond? amount was $ $0.00??? .
PLease provide accurate answers through financial calculator