Question: A $ 2 2 comma 0 0 0 bond with interest at 8 . 2 % payable semi - annually and redeemable at par is

A $22 comma 000 bond with interest at 8.2% payable semi-annually and redeemable at par is bought two years before maturity to yield 8.9% compounded semi-annually. Compute the premium or discount and the purchase price, and construct the appropriate bond schedule.

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