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A $50 000, 8.6% bond is purchased six years before maturity to yield 2.5% compounded semi-annually. The bond interest is payable semi-annually. What is the

A $50 000, 8.6% bond is purchased six years before maturity to yield 2.5% compounded semi-annually. The bond interest is payable semi-annually. What is the amount of the premium or discount? a. $40559.25 b. $66895.95 c. $16895.95 d. $9440.75

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