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Compute Bond PriceCompute the price of a 5.6 percent coupon bond with ten years left to maturity and a market interest rate of 7.0 percent.

Compute Bond PriceCompute the price of a 5.6 percent coupon bond with ten years left to maturity and a market interest rate of 7.0 percent. (Assume interest payments are semiannual.) Is this a discount or premium bond?

Need to learn what formula to use in Excel for this.

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