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A $ 1 6 0 comma 0 0 0 issue of eight - year bonds redeemable at par offers 7 . 0 2 % coupons
A $ comma issue of eightyear bonds redeemable at par offers coupons payable monthly. What is the premium or discount and the purchase price of the bonds to yield compounded quarterly question mark
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Part
a The
is $
enter your response here.
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
Part
b The purchase price of the bond is $
enter your response here.
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