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assume a rate of 10% 15. PRICE OF COUPON BOND Shmuel's Co. offers a coupon bond with an % yield to maturity. The bond matures

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assume a rate of 10%

15. PRICE OF COUPON BOND Shmuel's Co. offers a coupon bond with an % yield to maturity. The bond matures in 16 Years and has a coupon rate of 9%. What is the current price of a $1,000 face value bond? (semiannual) Is this bond selling at a premium or a discount? Explain how this works

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