What is the amount of premium/discount amortized or accumulated in the first payment interval for a bond that has a face value of $6000 and it sold for $5700? The coupon rate is 9% compounded semi-annually and the market rate is 10.1% compounded semi-annually.

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The amount of premium/discount amortized or accumulated in the first payment interval can be calculated using the difference between the interest expense based on the market rate and the coupon payment. The bond's coupon payment is 9% of $6000, paid semi-annually, which equals $270 per half year. The market interest expense for the first period is 10.1% of $5700, divided by 2 (since it's semi-annual), which equals $287.85. The difference between the market interest expense and the coupon payment is $287.85 - $270 = $17.85, which is the amount of discount accumulated in the first payment interval.

What Is the Amount of Premium/discount Amortized or Accumulated in the First