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3. A $10000, 6% bond with semi-annual interest coupons redeemable at par in 11 years is bought to yield 5% compounded semi-annually. Determine: (i) the

3. A $10000, 6% bond with semi-annual interest coupons redeemable at par in 11 years is bought to yield 5% compounded semi-annually. Determine: (i) the premium or discount (ii) the purchase price

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