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5. A 15-year bond with semi-annual coupons was purchased at a premium. The amount for amortization of premium in the 2nd coupon payment was $977.19

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5. A 15-year bond with semi-annual coupons was purchased at a premium. The amount for amortization of premium in the 2nd coupon payment was $977.19 and the amount for amortization of premium in the 4th coupon payment was $1046.79. Calculate the bond's premium (that is, the amount by which the price exceeds the redemption value)

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