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  3. 5. four $1000, 9.5% bonds with semi-annual coupons

5. Four $1000, 9.5% bonds with semi-annual coupons redeemable at par on March 1, 2022,...

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Accounting

5. Four $1000, 9.5% bonds with semi-annual coupons redeemable at par on March 1, 2022, were purchased on September 19, 2013, to yield 7% compounded semi-annually. a) Is it a premium or discount? b) What was the purchase price?

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