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A $1000 bond with a 7.5% coupon rate, interest paid semi-annually, and maturing in six years is currently yielding 8% in the market. What is

A $1000 bond with a 7.5% coupon rate, interest paid semi-annually, and maturing in six years is currently yielding 8% in the market. What is the current price of the bond? Is this a premium or discount bond

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