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Data on a bond: Face amount of bond : $1000 Terms of redemption: $1000 is redeemable after 10 years Coupon rate: 5% per year, payable

Data on a bond:

Face amount of bond : $1000

Terms of redemption: $1000 is redeemable after 10 years

Coupon rate: 5% per year, payable semi-annually

X = Premium if the effective annual yield to maturity is 4%

Y = Discount if the effective annual yield to maturity is 6%

Compute the difference X minus Y

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