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Compute the price of a 5.7 percent coupon bond with 15 years left to maturity and a market interest rate of 9.0 percent. (Assume interest

Compute the price of a 5.7 percent coupon bond with 15 years left to maturity and a market interest rate of 9.0 percent. (Assume interest payments are semiannual) Is it a discount or premium bond?

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