What is the value of the premium

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Reference no: EM13728252

Among a company’s assets and accounting records, an actuary finds a 10-year bond that was purchased at a premium. From the records, the actuary has determined the following:

(i) The bond pays semi-annual interest.

(ii) The amount for amortization of the premium in the 2nd coupon payment was $800.

(iii) The amount for amortization of the premium in the 4th coupon payment was $1000.

What is the value of the premium?

Reference no: EM13728252

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