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Calculate the price of a 6 . 2 percent coupon bond with 1 8 years left to maturity and a market interest rate of 4

Calculate the price of a 6.2 percent coupon bond with 18 years left to maturity and a market interest rate of 4.8 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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