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9. Define bond indexes and how they are used in the securities industry 10 A $1000. 9.5% bond with semi-annual interest coupons redeemable at par

9. Define bond indexes and how they are used in the securities industry 10 A $1000. 9.5% bond with semi-annual interest coupons redeemable at par in 20 years is bought to yield 8% compounded serni-annually. Determine: ) the premium or discount () the purchase price

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