question archive A $1000 bond, with interest at 8% payable semi-annually on January 1 and July 1, was purchased on March 8, 2012
A $1000 bond, with interest at 8% payable semi-annually on January 1 and July 1, was purchased on March 8, 2012
Subject:FinancePrice: Bought3
A $1000 bond, with interest at 8% payable semi-annually on January 1 and July 1, was purchased on March 8, 2012. The bond matures on July 1, 2015 and yields 4.4% compounded semi-annually. What is the purchase payment for the bond? *
1115.61
1197.08
1124.45
1120.04
