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A $250,000 issue of eleven-year bonds redeemable at par offers 6%coupons payable monthly. What is the premium or discount and the purchase price of the

A $250,000 issue of eleven-year bonds redeemable at par offers 6%coupons payable monthly. What is the premium or discount and the purchase price of the bonds to yield 6.7% compounded annually?

Part 1

(a) The is $ enter your response here.

(Round the final answer to t

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