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A $50,000 bond bearing interest at 4.5% payable semi-annually is redeemable at par on September...

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Accounting

A $50,000 bond bearing interest at 4.5% payable semi-annually is redeemable at par on September 10, 2033. The bond is sold on the primary market on October 10, 2013, to yield 4% compounded semi-annually. Determine the amount of discount or premium on the sale of the bond. show your work please

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