7 years ago Metlock Corporation issued 20-year bonds that had a $1,200 face value, paid interest annually,

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7 years ago Metlock Corporation issued 20-year bonds that had a $1,200 face value, paid interest annually, and had a coupon rate of 9 percent. If the market rate of interest is 5.5 percent today, what is the current market price of an Metlock Corporation bond?(Round intermediate calculations to 5 decimal places, e.g. 1.25145 and final answer to 2 decimal places, e.g. 52.75.)

Current market price$= ?

Are these bonds selling at a premium or discount?

Posted Date: May 18, 2024 07:01 AM

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7 years ago Metlock Corporation issued 20-year bonds that had a $1,200 face value, paid interest annually,

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