What was the premium or discount on the bond

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Reference no: EM131924655

Caleb purchased a $4,000 bond that was paying a coupon rate of 6.80% compounded semi-annually and had 8 more years to mature. The yield at the time of purchase was 4.50% compounded semi-annually. a. How much did Caleb pay for the bond? $0.00 Round to the nearest cent b. What was the premium or discount on the bond? amount was $

Reference no: EM131924655

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