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Calculate the price of a 10.6 percent coupon bond with 12 years left to maturity and a market interest rate of 6.2 percent. (Assume interest

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Calculate the price of a 10.6 percent coupon bond with 12 years left to maturity and a market interest rate of 6.2 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations and round your final answer to 2 decimal places.) Bond price $ Is this a discount or premium bond? Discount bond Premium bond

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