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Compute the price of a 5.4 percent coupon bond with 10 years left to maturity and a market interest rate of 8.6 percent. (Assume interest

image text in transcribedCompute the price of a 5.4 percent coupon bond with 10 years left to maturity and a market interest rate of 8.6 percent. (Assume interest payments are semiannual.) Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Is this a discount or premium bond?

Compute the price of a 5.4 percent coupon bond with 10 years left to maturity and a market interest rate of 8.6 percent. (Assume interest payments are semiannual.) Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Is this a discount or premium bond

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