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15. A $9000, 11.5% bond with semi-annual interest coupons redeemable at par in 17 years is bought to yield 7.5% compounded semi-annually. Determine: (i) the

15. A $9000, 11.5% bond with semi-annual interest coupons redeemable at par in 17 years is bought to yield 7.5% compounded semi-annually. Determine:

(i) the premium or discount

(ii) the purchase price

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