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Julia purchased a $2,500 bond that was paying a coupon rate of 5.80% compounded semi-annually and had 5 more years to mature. The yield at
Julia purchased a $2,500 bond that was paying a coupon rate of 5.80% compounded semi-annually and had 5 more years to mature. The yield at the time of purchase was 4.20% compounded semi-annually. a. How much did Julia pay for the bond? $72.50 Round to the nearest cent b. What was the amount of premium or discount on the bond? Premium V amount was $0.00 Round to the nearest cent
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