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Bond Accounting [pic 1]LYONs DOCUMENT STORAGE cORPORATIONbOND aCCOUNTINGBy:Group 17Ankita Susan Tigga – 0067/52Ankur – 0068/52Ankur Jain – 0069/52Ashish Meena – 0070/52QUESTION 1: Part a:Explain what is meant by the terms “premium” or “discount” as they relate to bonds. Ans. The terms “premium” and “discount” refer to the difference of the bond price from the face.