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A $95,000, 8.00% bond redeemable at par, with annual coupon payments, is purchased 6 years before maturity to yield 5.50% compounded annually. a. What was

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A $95,000, 8.00% bond redeemable at par, with annual coupon payments, is purchased 6 years before maturity to yield 5.50% compounded annually. a. What was the purchase price of the bond? $44,855.86 Round to the nearest cent b. What was the amount of discount or premium on the bond? Premium amount is $50,144.14 Round to the nearest cent

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