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A $1000 par value bond paying interest at j2=6% has book value $1100 on March 1, 2010, at a yield rate of j2=4.5%. Determine the
A $1000 par value bond paying interest at j2=6% has book value $1100 on March 1, 2010, at a yield rate of j2=4.5%. Determine the amount of amortization of the premium on September 1, 2010, and the new book value on that date.
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