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Applying present value techniques to debt instruments A bond has a maturity value of $ 1 0 0 , 0 0 0 payable in 1

Applying present value techniques to debt instruments
A bond has a maturity value of $100,000 payable in 10 years. These bonds have a 5% coupon rate payable annually, and the market yield was 6% when the bonds were purchased.
Required:
Is this a discount bond or a premium bond?
Compute the amount required to purchase this bond at the beginning of the 10-year period.

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