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A $5,500,000 issue of a 30-year bond, redeemable at par, offers 7.50% coupons payable semi-annually. The bond yields 4.00% compounded monthly. a. What was the

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A $5,500,000 issue of a 30-year bond, redeemable at par, offers 7.50% coupons payable semi-annually. The bond yields 4.00% compounded monthly. a. What was the purchase price of the bond, if it was purchased 20 years before maturity? $0.00 Round to the nearest cent b. What was the amount of discount or premium on the bond? amount is $0.00 . Round to the nearest cent

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