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9 . Determine the premium or discount on the sale of a $ 2 5 0 0 bond, redeemable at 1 2 5 . 5

9. Determine the premium or discount on the sale of a $2500 bond, redeemable at 125.5 in 5 years time, if it is bought to yield 10%, compounded quarterly, and the coupon rate is 13.25% semi-annually. What is the purchase price of the bond?

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