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5. A 50000$, 7% bond with quarterly interest coupons redeemable at par in 8 years is purchased to yield at 5.5% compounded quarterly, c) What

5. A 50000$, 7% bond with quarterly interest coupons redeemable at par in 8 years is purchased to yield at 5.5% compounded quarterly, c) What is the premium or discount? (II) What is the purchase price

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