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