A $8,500 bond had a coupon rate of 5.75% with interest paid semi-annually. Christopher purchased this bond when there were 8 years left to maturity and when the market interest rate was 6.00% compounded semi-annually. She held the bond for 3 years, then sold it when the market interest rate was 5.50% compounded semi- annually. a. What was the purchase price of the bond? 48,365.25 Ⓒ Round to the nearest cent b. What was the selling price of the bond? $0.00
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- A $2,000 bond had a coupon rate of 4.20% with interest paid semi-annually, Evan purchased this bond when there were 7 years left to maturity and when the market interest rate was 7.20 % compounded semi-annually. She held the bond for 2 years, then sold it when the market interest rate was 3.20% compounded semi-annually. a. Calculate the purchase price of the bond. $1,656.92 O $1,218.97 O$455.60 Question 3 of 4 $1,674.57 b. Calculate Evan's selling price. SUBMIT ASSIGNMENTA $5,500 bond had a coupon rate of 4.75% with interest paid semi-annually. Sarah purchased this bond when there were 8 years left to maturity and when the market interest rate was 5.00% compounded semi-annually. He held the bond for 4 years, then sold it when the market interest rate was 4.50% compounded semi-annually. a. What was the purchase price of the bond? Round to the nearest cent. b. What was the selling price of the bond? Round to the nearest cent. c. What was Sarah's gain or loss on this investment? (click to select)GainLoss amount was $A $8,500 bond had a coupon rate of 5.75% with interest paid semi-annually. Gregory purchased this bond when there were 9 years left to maturity and when the market interest rate was 6.00% compounded semi-annually. He held the bond for 4 years, then sold it when the market interest rate was 5.50% compounded semi-annually. a. Calculate the purchase price of the bond. b. Calculate the amount that Gregory received when he sold the bond
- A $6,000 bond had a coupon rate of 5.75% with interest paid semi-annually. Bianca purchased this bond when there were 7 years left to maturity and when the market interest rate was 6.00% compounded semi-annually. He held the bond for 3 years, then sold it when the market interest rate was 5.50% compounded semi-annually. Hi a. What was the purchase price of the bond? Round to the nearest cent. hp SUBMIT QUESTION SAVE PROGRESSA $9,000 bond had a coupon rate of 4.50% with interest paid semi-annually. Erin purchased this bond when there were 7 years left to maturity and when the market interest rate was 4.75% compounded semi-annually. He held the bond for 3 years, then sold it when the market interest rate was 4.25% compounded semi-annually. a. What was the purchase price of the bond? b. What was the selling price of the bond? c. What was Erin's gain or loss on this investment?. Please explain all three subparts. I will really upvoteVincent purchased a $3,500 bond that was paying a 5.50% coupon rate and had 4 more years to mature. The yield at the time of purchase was 4.20% compounded semi-annually. a. How much did Vincent pay for the bond? Round to the nearest cent b. What was the amount of premium or discount on the bond?
- A $2,500 bond had a coupon rate of 6.50% with interest paid semi-annually. Cody purchased this bond when there were 7 years left to maturity and when the market interest rate was 7.50% compounded semi-annually. He held the bond for 2 years, then sold it when the market interest rate was 3.50% compounded semi-annually. Calculate Cody's selling price. a. $739.47 b. C. d. $2,101.82 $2,841.30 $2,397.34Help me pleaseAn investor just purchased a 10-year, $1,000 par value bond. The coupon rate on this bond is 5 percent with interest being paid semiannually. If the investor expects to earn an 8 percent rate of return on this bond, how much should she pay for it? A. $950.75 OB.$1,003.42 OC. $875.38 OD. $1,122.87 E.$796.15
- Logan bought a bond that matures in 10 years and pays 6% interest. The bond had a face value of $10 000. He received 10 annual payments of $1358.68. This bond was . a. mortgage bond b. zero-coupon bond c. Eurobond d. an amortising bondThe Saleemi Corporation's $1,000 bonds pay 5 percent interest annually and have 13 years until maturity. You can purchase the bond for $865. a. What is the yield to maturity on this bond? b. Should you purchase the bond if the yield to maturity on a comparable-risk bond is 8 percent?The Saleemi Corporation's $1,000 bonds pay 6 percent interest annually and have 11 years until maturity. You can purchase the bond for $1,155. a. What is the yield to maturity on this bond? b. Should you purchase the bond if the yield to maturity on a comparable-risk bond is 3 percent?