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# A twelve year 5,000 par valued floating rate bond with annual couponshas a price P such that the investor's

APY is 8%. The annual coupon rate

for the n-th year is given by the function .07+.0035*n

a. Find the price P

b. Find the amount of Principal P 6 in the sixth coupon payment

c. Find the interest I 5 in the fifth coupon payment

d. Find the amount of the discount or premium for this bond.

a. The principle will be 5,361.17 b. The 6 th... View the full answer

a.Price of Bond = \$ 5358.1075... View the full answer

a.Price P = 5361.17 b.Amount of Principal P6 in the sixth coupon... View the full answer

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