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Calculate the price of a 6.5% coupon bond with 27 years left to maturity and a market interest rate of 5%. (Assume interest payments are

Calculate the price of a 6.5% coupon bond with 27 years left to maturity and a market interest rate of 5%. (Assume interest payments are semiannual and per value is $1,000.) Is this a discount or premium bond? A.) $982.03; Discount. B.) $1,010.59; Discount. C.) $1,220.93; Premium. D.) $1,315.62; Premium

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