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5. A $5000, 9.5% bond with semi-annual coupons redeemable at par on March 1, 2022, was purchased on September 1, 2013, to yield 7% compounded

5. A $5000, 9.5% bond with semi-annual coupons redeemable at par on March 1, 2022, was purchased on September 1, 2013, to yield 7% compounded semi-annually. a) Is it a premium or discount? b) What was the purchase price

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