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A $ 2 9 0 0 0 bond with interest at 5 . 1 % payable semi - annually and redeemable at par is bought

A $29000 bond with interest at 5.1% payable semi-annually and redeemable at par is bought two years before maturity to yield 7.8% compounded semi-annually. Compute the premium or discount and the purchase price, and construct the appropriate bond schedule.

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