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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
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 .) Note: Do not round intermediate calculations . Round your final answer to 2 decimal places. Is this a discount or premium bond?
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th Edition
978-0470477151, 978-0-470-5562, 470556242, 0-470-55624-2, 9780470556245, 978-0470507018
