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Twelve $1,000 bonds redeemable at par bearing 7% coupons payable semi-annually are sold six years before maturity to yield 9.6% compounded quaterly. what is the

Twelve $1,000 bonds redeemable at par bearing 7% coupons payable semi-annually are sold six years before maturity to yield 9.6% compounded quaterly. what is the premium or discount and the purchase price of the bonds?

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