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Vincent purchased a $8,500 bond that was paying a 6.75% compounded semi-annually coupon rate and had 4 more years to maturity. The yield rate at

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Vincent purchased a $8,500 bond that was paying a 6.75% compounded semi-annually coupon rate and had 4 more years to maturity. The yield rate at the time of purchase was 5.50% compounded semi-annually. a. How much did Vincent pay for the bond? $0.00 Round to the nearest cent b. What was the amount of premium or discount on the bond? amount is $0.00 Round to the nearest cent

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