Miguel purchased a $9,000 bond that was paying a 4.25% compounded semi-annually coupon rate and had 6 more years to maturity. The yield rate at the time of purchase was 5.00% compounded semi-annually. a. How much did Miguel pay for the bond? Round to the nearest cent b. What was the amount of premium or discount on the bond? (click to select) Round to the nearest cent amount is

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A: Please see the below picture for detailed solution.

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Q: an = n 2.6 (1+2:0) "

A: Please see the below picture for detailed solution.

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A: Solved below