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A $190,000 issue of eleven-year bonds redeemable at par offers 5.98% coupons payable semi-annually. What is the premium or discount and the purchase price of
A $190,000 issue of eleven-year bonds redeemable at par offers 5.98% coupons payable semi-annually. What is the premium or discount and the purchase price of the bonds to yield 5.5% compounded quarterly? ebook Score score (a) The is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The purchase price of the bond is s (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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