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9 10 0.59589 5.46321 6183457|6.209796 08875 15 971305.85730 5.74664 7.43533 7.258797107826 952206 801696.65610 6.515236.37889 6 24689 8.11090 79127217721737537637 36009718883 17.02368 6.8640 6.71008 Details of the

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9 10 0.59589 5.46321 6183457|6.209796 08875 15 971305.85730 5.74664 7.43533 7.258797107826 952206 801696.65610 6.515236.37889 6 24689 8.11090 79127217721737537637 36009718883 17.02368 6.8640 6.71008 Details of the Bond issue is as follows: ISSUE DATE: Jan 1, 20YY FACE: $50,000 TERM: 5 years CONTRACT ANNUAL INTEREST RATE: 11% (interest paid semiannually Jun 30 and Dec 31) MARKET ANNUAL INTEREST RATE: 13% Calculate the following. Round to the nearest dollar, What are the Bond Proceeds? (round to nearest dollar) Are the Bonds Issued at a Discount or Premium? (must be spelled out completely) How much is the Discount or Premium? (enter as positive number. round to nearest dollar) Hint) All work saved

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