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A fifteen-year bond, which was purchased at a premium, has semiannual coupons. The amount for amortization of the premium in the second coupon is 977.19$
A fifteen-year bond, which was purchased at a premium, has semiannual coupons. The amount for amortization of the premium in the second coupon is 977.19$ and the amount for amortization of premium in the fourth coupon is 1046.79$. Find the amount of the premium.
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Correct Answer: 48739.16
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