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Melissa purchased a $2,000 bond that was paying a 5.60% coupon rate and had 4 more years to mature. The yield at the time of

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Melissa purchased a $2,000 bond that was paying a 5.60% coupon rate and had 4 more years to mature. The yield at the time of purchase was 4.50% compounded semi-annually. Full solutions should be shown on separate sheets of paper. Submit your solutions. a. How much did Melissa pay for the bond? Round to the nearest cent b. What was the amount of premiumpr discount on the bond? amount is Round to the nearest cent

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