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A $230,000 issue of six-year bonds redeemable at par offers 6.46% coupons payable semi-annually. What is the premium or discount and the purchase price of

A $230,000 issue of six-year bonds redeemable at par offers 6.46% coupons payable semi-annually. What is the premium or discount and the purchase price of the bonds to yield 9.9% compounded quarterly?

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A $230,000 issue of six-year bonds redeemable at par offers 6.46% coupons payable semi-annually. What is the premium or discount and the purchase price of the bonds to yield 9.9% compounded quarterly? (a) The is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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