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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
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 Time Before Maturity Yield Rate Compounded Semi- Annually 5.3% $22,000 8.4% 12 years
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