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Question 13 (9 points) A $10,000 bond with a coupon rate of 5.75% is redeemable on October 17, 2029. It was purchased on July 28,

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Question 13 (9 points) A $10,000 bond with a coupon rate of 5.75% is redeemable on October 17, 2029. It was purchased on July 28, 2018 when the yield rate was 6.34% compounded semiannually. 1. What was the purchase price of the bond? Include a well-labelled timeline diagram as part of your solution. (7 marks) 2. Was the bond purchased at a premium or a discount and what was the amount of premium or discount for the bond? (2 marks)

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