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15. A 10 year bond is redeemable at par for 100,000. The bond pays semi-annual coupons of 4000. The bond is bought to yield 6%

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15. A 10 year bond is redeemable at par for 100,000. The bond pays semi-annual coupons of 4000. The bond is bought to yield 6% convertible semi-annually. Calculate the premium paid for the bond

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