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A $50,000 bond bears interest at 4.6% payable semi-annually and is redeemable at par on December 4, 2022. The bond is sold on April 20,

A $50,000 bond bears interest at 4.6% payable semi-annually and is redeemable at par on December 4, 2022. The bond is sold on April 20, 2013, to yield 5.1% compounded semi-annually. Determine the amount of discount or premium on the sale of the bond

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