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Zamba Corp. issued 24 years ago a Bond with a par value of $1,000, an original maturity of 30 years and a Coupon Interest Rate

Zamba Corp. issued 24 years ago a Bond with a par value of $1,000, an original maturity of 30 years and a Coupon Interest Rate of 12%. Now, Market Interest Rates are 6%. Show procedure

a. What would be the Value of this bond today if interest rates are compounded semiannually?

b. Compute the premium or discount for the bond

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