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A $85,000, 5.00% bond redeemable at par, with semi-annaul coupon payments, is purchased 6 years before maturity to yield 9.00% compounded semi-annually. a. What was

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A $85,000, 5.00% bond redeemable at par, with semi-annaul coupon payments, is purchased 6 years before maturity to yield 9.00% compounded semi-annually. a. What was the purchase price of the bond? Round to the nearest cent b. What was the amount of discount or premium on the bond? (click to select) amount is Round to the nearest cent

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