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Before you begin the bond, determine if the bond will sell at a discount, a premium, or at par. Find the price of the floowing

Before you begin the bond, determine if the bond will sell at a discount, a premium, or at par. Find the price of the floowing bond:

Coupon rate of 8.75%

pays semiannual coupons,

Face value of $1000

risk-adjusted rate of 8.0%,

and 10 years to maturity

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