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Vincent purchased a $9.500 bond that was paying a 5.75% compounded semi-annually coupon rate and had 3 more years to maturity. The yield rate at
Vincent purchased a $9.500 bond that was paying a 5.75% compounded semi-annually coupon rate and had 3 more years to maturity. The yield rate at the time of purchase was 5.00% compounded semi-annually. a. How much did Vincent pay for the bond? (x) Round to the nearest cent b. What was the amount of premium or discount on the bond? amount is (x) Round to the nearest cent
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