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(Bond valuation) Doisneau 22 year bonds have an annual coupon interest of 8%, make interest payments on a semiannual basis, and have a $1,000 par
(Bond valuation) Doisneau 22 year bonds have an annual coupon interest of 8%, make interest payments on a semiannual basis, and have a $1,000 par value. If the bonds are trading with a markets required yield to maturity of 14%, are these premiums or discount bonds? What is the price of the bonds? (Round to nearest cent.)
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