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Compute the price of a 5.6 percent coupon bond with 10 years left to maturity and a market interest rate of 9.0 percent. (Assume interest
Compute the price of a 5.6 percent coupon bond with 10 years left to maturity and a market interest rate of 9.0 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations and round your final answer to 2 decimal places.)
| Bond price | $ |
| Is this a discount or premium bond? |
| Discount bond | |
| Premium bond |
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