Determine purchase price of bond and construct complete bond

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Point 1: A $1000 bond redeemable at $1050 on December 1, 2016, pays interest at j2 = 6: 5%. The bond is bought on June 1, 2014 to yield j2 = 5: 5% to maturity.

Question (a) Determine the purchase price of the bond.

Question (b) Construct the complete bond schedule.

Reference no: EM132493326

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