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A $160,000 issue of nine-year bonds redeemable at par offers 8.71% coupons payable annually. What is the premium or discount and the purchase price of

A $160,000 issue of nine-year bonds redeemable at par offers 8.71% coupons payable annually. What is the premium or discount and the purchase price of the bonds to yield 9.8% compounded semi-annually?

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