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Parmjeet Brar Parmjeet Brar
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2 years ago
A $50,000 bond bearing interest at 5.5% payable semi-annually is redeemable at par on August 1, 2033. The bond is sold on the primary market on December 10, 2013, to yield 5.8% compounded semi-annually. Determine the amount of discount or premium on the sale of the bond.
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wrote...
Educator
2 years ago
Answered here:

https://biology-forums.com/index.php?topic=821109
https://biology-forums.com/index.php?topic=821081
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