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A 10-year bond with semiannual coupons is bought at a discount to yield 9% convertible semiannually. If the amount for accumulation of discount in the
A 10-year bond with semiannual coupons is bought at a discount to yield 9% convertible semiannually. If the amount for accumulation of discount in the next-to-last coupon (which was denoted by ?P19) is $8, find the total amount for accumulation of discount during the first four years in the bond amortization schedule.
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