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Compute the price of a 4.7 percent coupon bond with 15 years left to maturity and a market interest rate of 7.2 percent. (Assume interest

Compute the price of a 4.7 percent coupon bond with 15 years left to maturity and a market interest rate of 7.2 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Bond price Is this a discount or premium bond? O discount bond O premium bond

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