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A 27,000 bond with an interest at 5.4% payable semi-annually and redeemable at par is bought two years before maturity to yield 9.9% compounded semi
A 27,000 bond with an interest at 5.4% payable semi-annually and redeemable at par is bought two years before maturity to yield 9.9% compounded semi annually. Compute the premium or discount and the purchase price, and construct the appropriate bond schedule.
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