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Compute the price of a 4 . 7 percent coupon bond with 1 5 years left to maturity and a market interest rate of 7
Compute the price of a percent coupon bond with years left to maturity and a market interest rate of percent. Assume
interest payments are semiannual.
Note: Do not round intermediate calculations. Round your final answer to decimal places.
Is this a discount or premium bond?
Please avoid using excel, and show all formulas.
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