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Determine the premium or discount on the sale of a $2500 bond, redeemable at 125.5 in 5 years time, if it is bought to yield
Determine the premium or discount on the sale of a $2500 bond, redeemable at 125.5 in 5 years time, if it is bought to yield 10%, compounded quarterly, and the coupon rate is 13.25% semi-annually. What is the purchase price of the bond sold?
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