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4. A $1000 bond with semi-annual coupons at 12 = = 10% payable January 1 and July 1 each year matures on July 1, 2019,

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4. A $1000 bond with semi-annual coupons at 12 = = 10% payable January 1 and July 1 each year matures on July 1, 2019, for $1050. a) Determine the price on January 1, 2014, to yield 12 = 101%. b) Is the bond purchased at a premium or a discount? c) Calculate the entries in the bond schedule on July 1, 2014, and January 1, 2015

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