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1. Four $5000, 7% bonds with semi-annual coupons are bought seven years before maturity to yield 6% compounded semi-annually. Find the premium or discount and

1.Four $5000, 7% bonds with semi-annual coupons are bought seven years before maturity to yield 6% compounded semi-annually. Find the premium or discount and the purchase price if the bonds are redeemable at par.

2.A $50 000, 11% bond with semi-annual coupons redeemable at par on April 15, 2022, was purchased on June 25, 2015, at 92.375. What was the approximate yield rate?

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