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A $10,000 10% semiannual bond is redeemable at par. What is the purchase price and premium/discount 10 years before maturity if the bond is bought
A $10,000 10% semiannual bond is redeemable at par. What is the purchase price and premium/discount 10 years before maturity if the bond is bought to yield 10% compounded semiannually.
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