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ASAP Please !! For the following bond redeemed at par, in the table below, determine (a) the premium or discount and (b) the purchase price
ASAP Please !!
For the following bond redeemed at par, in the table below, determine (a) the premium or discount and (b) the purchase price Par Value Bond Rate Payable Semi-Annually $16,000 5.1% Time Before Maturity 7 years Yield Rate Compounded Semi-Annually 7.1% (a) The is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The purchase price of the bond is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)Step by Step Solution
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