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Posted on Jun 26, 2024

Doisneau 23 -year bonds have an annual coupon interest of 13 percent, make interest payments on a semiannual basis, and have a $ 1,000 par

Doisneau 23-year bonds have an annual coupon interest of 13 percent, make interest payments on a semiannual basis, and have a

$1,000 par value. If the bonds are trading with a market's required yield to maturity of 11

percent, are these premium or discount bonds? Explain your answer.

What is the price of the bonds?

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