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  3. 15. a $9000, 11.5% bond with semi-annual interest

15. A $9000, 11.5% bond with semi-annual interest coupons redeemable at par in 17 years...

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Accounting

15. A $9000, 11.5% bond with semi-annual interest coupons redeemable at par in 17 years is bought to yield 7.5% compounded semi-annually. Determine:
(i) the premium or discount
(ii) the purchase price

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