Question: A $ 2 9 , 0 0 0 , 4 % bond redeemable at par with interest payable annually is bought 8 years before maturity.

A $29,000,4% bond redeemable at par with interest payable annually is bought 8 years before maturity. If the bond is purchased to yield 5% compounded annually, identify whether the bond is selling at premium or discount
a) Premium
b) Discount
A $29,000,4% bond redeemable at par with interest payable annually is

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