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Calculate the price of a 5.7 percent coupon bond with 18 years left to maturity and a market interest rate of 5.6 percent. (Assume interest

Calculate the price of a 5.7 percent coupon bond with 18 years left to maturity and a market interest rate of 5.6 percent. (Assume interest payments are semiannual.) Is this a discount or premium bond?

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