How much premium or discount will be recorded

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Question - A bond has a maturity value of $300,000 payable in 4 years. These bonds have a 7% coupon rate payable semi-annually, and the market yield was 4% when the bonds were purchased. How much premium or discount will be recorded upon purchase (rounded)?

A) $32,668 premium.

B) $32,668 discount.

C) $32,965 discount.

D) $32,965 premium.

Reference no: EM132649287

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