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Compute Bond Price Compute the price of a 6.5 percent coupon bond with 20 years left to maturity and a market interest rate of 7

  1. Compute Bond PriceCompute the price of a 6.5 percent coupon bond with 20 years left to maturity and a market interest rate of 7 percent. (Assume interest payments are semiannual.) Is this a discount or premium bond?

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