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15.2.17 Question Help A $ 16,000, 7% bond redeemable at par with interest payable annually is bought 6 years before maturity. Determine the premium or

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15.2.17 Question Help A $ 16,000, 7% bond redeemable at par with interest payable annually is bought 6 years before maturity. Determine the premium or discount and the purchase price of the bond if the bond is purchased to yield (a) 5% compounded annually; (b) 9% compounded annually

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