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Compute the price of a 6.5 percent coupon bond with ten years left to maturity and a market interest rate of 9.0 percent. (Assume interest

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Compute the price of a 6.5 percent coupon bond with ten years left to maturity and a market interest rate of 9.0 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? Discount bond Premium bond

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