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Kristen purchased a $ 3 , 0 0 0 bond that was paying a coupon rate of 5 . 8 0 % compounded semi -
Kristen purchased a $ bond that was paying a coupon rate of compounded
semiannually and had more years to mature. The yield at the time of purchase was
compounded semiannually.
a How much did Kristen pay for the bond?
Round to the nearest cent
b What was the amount of premium or discount on the bond?
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