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A $30,000 bond with interest at 7.2% payable semi-annually and redeemable at par is bought two years before maturity to yield 9.1% compounded semi-annually. Compute

$30,000

bond with interest at

7.2%

payable semi-annually and redeemable at par is bought two years before maturity to yield

9.1%

compounded semi-annually. Compute the premium or discount and the purchase price, and construct the appropriate bond schedule.

The

premium

discount

$nothing.

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