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Four $10,000 bonds bearing interest at 6% payable quarterly and redeemable at par on September 1, 2024, were purchased on January 23, 2012, to yield

Four $10,000 bonds bearing interest at 6% payable quarterly and redeemable at par on September 1, 2024, were purchased on January 23, 2012, to yield 5% compounded quarterly. Determine a. the premium or discount; (4 marks) b. the purchase priceUSE BAII PLUS CALCULATOR ONLY (FV, CPT, PMT, N ) FEATURES

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