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ons on 1 (3/3) on 2 (0/1) on 3 (3) on 4 (3/3) A $2,500,000 issue of a 30-year bond, redeemable at par, offers 5.00%

ons on 1 (3/3) on 2 (0/1) on 3 (3) on 4 (3/3) A $2,500,000 issue of a 30-year bond, redeemable at par, offers 5.00% coupons payable quarterly. The bond yields 7.50% compounded monthly. a. What was the purchase price of the bond, if it was purchased 10 years before maturity? $0.00 Round to the nearest cent Question 3 of 4 b. What was the amount of discount or premium on the bond? Jhy amount is (click to select) Premium Discount Par ent $0.00 SUBMIT QUESTION

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