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5. A 25000$. 7.5% bond with quarterly interest coupons redeemable at par in 8 years is purchased to yield at 8.5% compounded quarterly. (1) What

5. A 25000$. 7.5% bond with quarterly interest coupons redeemable at par in 8 years is purchased to yield at 8.5% compounded quarterly. (1) What is the premium or discount? (1) What is the purchase price

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