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Home Q & A Board Science-Related Homework Help Mathematics
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Anonymous Jas Kaur1
wrote...
A year ago
A $290,000 issue of five-year bonds redeemable at par offers 9.21% coupons payable semi-annually. What is the premium or discount and the purchase price of the bonds to yield 8.2% compounded quarterly?
(a) The premium is ____
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
(b) The purchase price of the bond is $ .
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