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Ardita Prifti is interested in purchasing bonds from VanCanada Airlines. The 20-year bonds are $1,000 at 10% interest paid semi-annually. The yield to maturity on

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Ardita Prifti is interested in purchasing bonds from VanCanada Airlines. The 20-year bonds are $1,000 at 10% interest paid semi-annually. The yield to maturity on the bonds is 14 percent annually. Required: Compute the price of the bonds. Is the bond sold at a premium or discount

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