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Maria purchased a $9,500 bond that was paying a 6.75% compounded semi-annually coupon rate and had 6 more years to maturity. The yield rate at

Maria purchased a $9,500 bond that was paying a 6.75% compounded semi-annually coupon rate and had 6 more years to maturity. The yield rate at the time of purchase was 7.75% compounded semi-annually. a. How much did Maria pay for the bond? b. What was the amount of premium or discount on the bond?

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