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A $7000, 10.5% bond with semi-annual interest coupons redeemable at par in 20 years is bought to yield 7% compounded semi-annually. Determine: (i) the premium

A $7000, 10.5% bond with semi-annual interest coupons redeemable at par in 20 years is bought to yield 7% compounded semi-annually. Determine: (i) the premium or discount (ii) the purchase price

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