Amount for amortization of premium in the fourth coupon

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Reference no: EM131535475

Among a company's assets is a 15-year bond that was purchased at a premium. The bond pays semiannual coupons in the amount of $3,000. The amount for amortization of premium in the second coupon was $977.19. The amount for amortization of premium in the fourth coupon was $1, 046.79. Find the price of the bond. A) 48, 739 B) 58, 739 C) 59, 650 D) 60,000 E) 62,000

Reference no: EM131535475

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