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Was the bond purchased at a premium or a discount

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Reference no: EM131751230

A $100,000 bond bearing interest at 6.75% payable semi-annually is bought eight years before maturity to yield 7.35% compounded annually. If the bond is redeemable at par, what is the purchase price? Was the bond purchased at a premium or a discount?

Reference no: EM131751230

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