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Compute the price of a 5 . 9 percent coupon bond with 1 5 years left to maturity and a market interest rate of 7

Compute the price of a 5.9 percent coupon bond with 15 years
left to maturity and a market interest rate of 7.0 percent. (Assume
interest payments are semiannual.)(Do not round
intermediate calculations. Round your final answer to 2 decimal
places.)bond priceIs this a discount or premium bond?discount bondpremium bond

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