Question: A $ 2 5 , 0 0 0 bond with interest at 7 . 1 % payable semi - annually and redeemable at par is
A $ bond with interest at payable semiannually and redeemable at par is bought two years before maturity to yield compounded semiannually. Compute the premium or discount and the purchase price, and construct the appropriate bond schedule.
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The
is $enter your response here.
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
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