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37. A. Compute the price of a 5.7 percent coupon bond with 15 years left to maturity and a market interest rate of 9.2 percent.

37. A. Compute the price of a 5.7 percent coupon bond with 15 years left to maturity and a market interest rate of 9.2 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations and round your final answer to 2 decimal places.)

B. Discount or premium bond?

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