Exercises
1 For each of the following bonds and the indicated selling date, calculate the cash price, accrued interest, market price, and
determine the amount of the bond premium or discount
Face
Coupon
Market Rate on Selling
Issue Date
Value
Rate
1 $
1,000
7.16%
2 $
10,000
9.40%
3 $
5,000
7.64%
4 $
100,000
5.81%
5 $
250,000
6.27%
6 $
50,000
16.33%
January 15, 1994
April 28, 1987
November 3, 1995
February 20, 2000
July 5, 1997
January 12, 1982
Selling Date
January 15, 1997
October 28, 1990
May 3, 2009
February 20, 2010
January 5, 2007
July 12, 2009
Maturity Date
Date
January 15, 2024
7.16%
April 28, 2022
10.71%
November 3, 2015
3.96%
February 20, 2015
4.07%
July 5, 2017
4.21%
January 12, 2032
4.19%
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