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Ten $9,000 bonds redeemable at par bearing 7% coupons payable annually are sold twelve years before maturity to yield 9.1% compounded semi-annually. What is the
Ten $9,000 bonds redeemable at par bearing 7% coupons payable annually are sold twelve years before maturity to yield 9.1% compounded semi-annually. What is the premium or discount and the purchase price of the bonds?
Ten $9,000 bonds redeemable at par bearing 7% coupons payable annually are sold twelve years before maturity to yield 9.1% compounded semi-annually. What is the premium or discount and the purchase price of the bonds? The is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The purchase price of the bonds is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Step by Step Solution
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