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A $300000 issue of seven year bonds redeemable at par offers 8.2% coupons payable semi-annually. What is the premium or discount and the purchase price
A $300000 issue of seven year bonds redeemable at par offers 8.2% coupons payable semi-annually. What is the premium or discount and the purchase price of bonds to yield 5.1% compounded annualy.
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