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Alexander purchased a $ 2 , 5 0 0 bond that was paying a coupon rate of 4 . 6 0 % compounded semi -
Alexander purchased a $ bond that was paying a coupon rate of compounded semiannually and had more years to mature. The yield at the time of purchase was compounded semiannually.
a How much did Alexander pay for the bond?
Round to the nearest cent
b What was the amount of premium or discount on the bond?
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amount was
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