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A $60,000, 5.00% bond redeemable at par, with semi-annaul coupon payments, is purchased 10 years before maturity to yield 8.50% compounded semi-annually. a. What was

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A $60,000, 5.00% bond redeemable at par, with semi-annaul coupon payments, is purchased 10 years before maturity to yield 8.50% compounded semi-annually. a. What was the purchase price of the bond? Round to the nearest cent b. What was the amount of discount or premium on the bond? (click to select) v amount is Round to the nearest cent

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