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Calculate the price of a 6.8 percent coupon bond with 10 years left to maturity and a market interest rate of 7.0 percent. (Assume interest
Calculate the price of a 6.8 percent coupon bond with 10 years left to maturity and a market interest rate of 7.0 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? Bond price Is this a discount or premium bond?
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